Congress eases curbs on foreign real-estate investors

By jgaffney@housingwire.com The current law, known as the Foreign Investment in Real Property Tax Act, subjects foreign investors to income tax when they sell U.S. property. It was initially passed in 1980, a time when there were fears that foreign investors including the Japanese might buy up large swaths of the country and its farmland. Is this era over? …read more

From:: Real Estate Wire