Basic US Tax Considerations in Investing in US Real Estate

By Robert M. Finkel, Moritt Hock & Hamroff LLP

Whether your investment in US real estate is intended for personal use – that is, the property will be used by you and your family exclusively as a personal residence (perhaps also made available on occasion to friends and extended family gratis); investment use – that is, held as an investment property, rented to unrelated third parties; or for both personal and investment use, you will want to be aware that its ownership could subject you to US tax.

Advance planning for the purchase and ownership of US real estate can help minimise the US tax consequences. The purpose of this article is to provide an overview of the applicable US tax implications and to introduce structures that may help minimise them.

Read Moritt Hock & Hamroff LLP’s US Tax Considerations Alert (PDF).

Robert M. Finkel

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Moritt Hock & Hamroff LLP
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Moritt Hock & Hamroff LLP is a fullservice commercial law firm providing a wide range of legal services to businesses, corporations, and individuals worldwide. The firm has 19 practice areas.

Robert M. Finkel is the Partner-in- Charge of the firm’s New York City office where he serves as Chair of its Tax Practice Group. His practice focuses on the areas of individual and business taxation including tax controversy and tax litigation. Mr. Finkel advises clients on the tax aspects of a wide range of business transactions including mergers and acquisitions, private equity and real estate transactions.

Published: International Taxation Newsletter, No. 15, Autumn 2021 l Photo: philipus - stock.adobe.com