< iframe width =" 480" height =" 320" src =" https://www.youtube.com/embed/R1DvmfetcFk?rel=0" frameborder =" 0" allowfullscreen >< img style =" float: left; margin:0 5px 5px 0;" src="http://taxdr.org/wp-content/uploads/2021/05/HBX9Dr.jpg "/ > Prentiss Feagles, a companion at Hogan Lovells LLP, signed up with REIT.com for a video clip interview at REITWise 2016: NAREIT's Regulation, Accountancy and also Finance Seminar at the Marriott Marquis in Washington, D.C. Feagles talked about reforms to the Foreign Financial Investment in Real Residential Property Tax Obligation Act of 1980 (FIRPTA) that were consisted of in the Protecting Americans From Tax Hikes (PATH) Act of 2015 and also their influence on REITs. He kept in mind that foreign capitalists in realty "have constantly had an issue in the United States. FIRPTA reform has actually released them up to spend like various other big institutional investors in REITs." Qualified foreign pension companies can likewise purchase REITs without being subject to FIRPTA, he kept in mind. " My sense is that (the) Treasury (Department) is fairly responsive to this adjustment and also will certainly collaborate with the industry to address the myriad of inquiries that are now coming out," Feagles stated. Meanwhile, Feagles observed that of one of the most intricate tax obligation problems he manages concerns REITs that run with an UPREIT framework and have actually limited companions with deferred tax obligations. The passions of the minimal companions might deviate from those of the public investors, Feagles stated: "Those deals are constantly the hardest to do due to the fact that of the completing interests." 4/14/2016|By Sarah Borchersen-Keto