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

MWE Headshots Thumbnail StevenSchlachter - FIRPTA Reform and Brexit Likely to Influence U.S. InvestmentIn 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.

 

reB Northeast Logo cmyk 300x136 - FIRPTA Reform and Brexit Likely to Influence U.S. Investment

“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>>