DECEMBER 2006

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IN THIS ISSUE
Flores Law Firm
7272 Wurzbach Rd
- Suite 901
San Antonio, TX 78240
(210) 340-3800
Fax: (210) 340-5200
 


Introduction

Foreign investors are attracted to U.S. real estate because it has many advantages including income potential, appreciation, and future gains upon sale. However the U.S. tax laws and regulations impose very complex rules and requirements on foreign investors and their agents, including withholding, reporting, and special taxes upon the sale of U.S. real estate. We have prepared this material to explain which transactions are subject to taxation, and the responsibility of the foreign investor and his agents