Property managers with foreign investor clients (what you should know).: An article from: Journal of Property Management
Book Details
Author(s)Kevin J. Mullin
PublisherInstitute of Real Estate Management
ISBN / ASINB000989LOE
ISBN-13978B000989LO0
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on July 1, 1998. The length of the article is 1890 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Foreign property owners can qualify for an exemption from a 30% withholding tax by paying a fair share of income tax on a net basis after deductions. The 30% withholding tax is computed on the gross amount of the rents produced by the property without allowable deductions for interest, depreciation, management, repairs and association fees. Foreign persons can realize the exemption by qualifying the real estate operations as 'engaged in a US trade or business.' They can also avoid potential liabilities by familiarizing themselves with IRS certification forms that are received by the client before any rental income from the property. Foreign property owners can also avoid future liabilities by assuming that their property manager is their withholding agent.
Citation Details
Title: Property managers with foreign investor clients (what you should know).
Author: Kevin J. Mullin
Publication:Journal of Property Management (Refereed)
Date: July 1, 1998
Publisher: Institute of Real Estate Management
Volume: v63 Issue: n4 Page: p88(3)
Distributed by Thomson Gale
From the supplier: Foreign property owners can qualify for an exemption from a 30% withholding tax by paying a fair share of income tax on a net basis after deductions. The 30% withholding tax is computed on the gross amount of the rents produced by the property without allowable deductions for interest, depreciation, management, repairs and association fees. Foreign persons can realize the exemption by qualifying the real estate operations as 'engaged in a US trade or business.' They can also avoid potential liabilities by familiarizing themselves with IRS certification forms that are received by the client before any rental income from the property. Foreign property owners can also avoid future liabilities by assuming that their property manager is their withholding agent.
Citation Details
Title: Property managers with foreign investor clients (what you should know).
Author: Kevin J. Mullin
Publication:Journal of Property Management (Refereed)
Date: July 1, 1998
Publisher: Institute of Real Estate Management
Volume: v63 Issue: n4 Page: p88(3)
Distributed by Thomson Gale
