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FIRPTA Reform and Brexit Likely to Influence U.S. Investment

MWE_Headshots_Thumbnail_StevenSchlachterIn June, the famed “Brexit” vote separated the United Kingdom from the European Union, and it’s anticipated that the U.S. could become the go-to destination for global real estate investors looking for stability. MWE Partner Steven Schlachter, CPA was interviewed about this and the Foreign Investment in Real Property Tax Act (FIRPTA) reform in a recent Northeast Real Estate Business article.

 

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“Obviously the initial thoughts among investors were that they would avoid the United Kingdom,” Says Steven Schlachter, a partner with accounting firm Margolin, Winer & Evens in New York. “But there’s some uncertainty in the end game for Brexit, so we haven’t seen as much reaction as people originally thought there would be.”  Read More>>

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