Considerations for a Foreign Irrevocable Trust / Foreign Non-Grantor Trust holding US Real Estate

BEA – Acquisition and Ownership Currently, the U.S. does not tax, or impose a filing obligation on, the acquisition or mere ownership of U.S. real property by a foreign person. The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), however, requires that certain surveys be completed by foreign persons who own substantial holdings of […]

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