Foreign Investment in Real Property Tax Act

REALpac has been carefully monitoring the U.S Congress’ efforts to amend the Foreign Investment in Real Property Tax Act (FIRPTA). Prior to the introduction of FIRPTA in 1980, non-U.S investors were exempt from U.S tax on their real estate investments. Since then, investors have had to pay capital gains taxes on these investments, and are also subject to a ‘withholding’ requirement at the time of any sale of assets. Changes to FIRPTA could potentially prompt significant foreign investment in U.S real estate by eliminating burdens on foreign investors. This issue has gained notable visibility and amendments to the Act have been proposed by both the White House and Congress.

Submissions to Government

  • Amendment of the Foreign Investment in Real Property Tax Act (FIRPTA)

  • Letter to the Honorable Timothy Geithner

REALpac Members: To  download the Submissions to Government, select the Member Resources item from the menu, sign-in, then select Advocacy Items.

Contact Brooks Barnett, Manager, Government Relations & Policy, 416-642-2700 x224.    


77 King St W
TD North Tower
Suite 4030 PO Box 147
Toronto ON M5K 1H1


1.855.REALPAC (732.5722)