March 7, 2022
ECOVIS published an article by International Tax Co-leader Mark Chaves in the Americas newsletter, about the tax efficient transfer of U.S. real estate.
ECOVIS Americas
By Mark Chaves, Co-Leader, International Tax
Excerpt:
The U.S. resident beneficiary receiving the foreign entity shares must be aware of consequences of the non-U.S. entity owning U.S. real estate. The sale of U.S. real estate by a non-U.S. entity will result in U.S. corporate income tax.
