FIRPTA
The Foreign Investment in Real Property Tax Act (FIRPTA) taxes foreigners’ gains on the income they earn from, and then the sale of, U.S. real estate and other real property. By treating real estate differently than other U.S. investments foreigners can make (e.g., stocks and bonds), the law discourages such investments. Congress should reform FIRPTA to promote foreign investment in the U.S. multifamily industry and help the multifamily industry meet the growing demand for rental housing. Read our Fact Sheet to learn more.
Fact Sheet
Issue Fact Sheet
More information on FIRPTA, in addition to the NMHC/NAA viewpoint.
Read More- Foreign Investment in Real Property Tax Act (FIRPTA) Rule Updates
- Recently Introduced FIRPTA Repeal Bill Could Unlock Billions in Foreign Capital
- NMHC and NAA Urge House to Repeal FIRPTA
- Multifamily Industry Highlights Infrastructure Tax Priorities with Ways and Means Committee
- Omnibus Spending Bill Contains Several Multifamily Victories
