Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:amendedBy |
Protecting Americans from Tax Hikes Act of 2015
|
| gptkbp:appliesTo |
foreign persons
real property interests |
| gptkbp:codifiedIn |
Internal Revenue Code Section 897
|
| gptkbp:country |
gptkb:United_States
|
| gptkbp:dateEnacted |
1980
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:excludes |
residence under $300,000 with buyer intent to reside
|
| gptkbp:form |
IRS Form 8288
IRS Form 8288-A |
| gptkbp:fullName |
Foreign Investment in Real Property Tax Act
|
| https://www.w3.org/2000/01/rdf-schema#label |
FIRPTA
|
| gptkbp:penalty |
liability for tax and penalties
|
| gptkbp:purpose |
tax foreign persons on dispositions of U.S. real property interests
|
| gptkbp:relatedTo |
foreign investment
U.S. real estate transactions |
| gptkbp:withholdingRate |
15%
|
| gptkbp:withholdingRequirement |
buyer must withhold tax
|
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
|
| gptkbp:bfsLayer |
7
|