FIRPTA and REIT Legislation Enacted 

December, 2015 - Sam Lichtman, Don Shiman, Kenneth K. Bezozo

On December 18, 2015, Congress passed the “Protecting Americans from Tax Hikes Act of 2015” (the “Act”), which provides significant reforms to the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”) and to the rules applicable to real estate investment trusts (“REITs”).

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