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FIRPTA Update

August 26, 2014

NAR Work Group Develops Recommendation

As Washington, D.C. lawmakers consider easing restrictions on foreign investment in U.S. commercial property governed by the Foreign Investment in Real Property Tax Act (FIRPTA), NAR convened a work group of member experts to study the issue and make recommendations. (The special work group included representatives from the Federal Taxation Committee, Commercial Committee and the Global Businesses & Alliance Committee.)

The work group’s recommendations were presented at the REALTOR® Party Convention & Trade Expo (previously called the Midyear Legislative Meetings) in May. For complete details on their recommendations and related developments, visit The Global View blog at theglobalview.blogs.realtors.org.