Rules for foreigners investing in New York property summarizes the key points for potential foreign investors.
Points covered include FIRPTA withholding tax, whether there is extra stamp duty and estate tax. A great overview before doing the deep dive.
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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