News & Events

Tax Partner John Hart was quoted in PERE, a publication focused on the private real estate markets, on issues that are most salient to private equity real estate in the tax bill that was recently unveiled by the U.S. House of Representatives. John said that one notable aspect of the tax bill is that “[r]eal estate operating income in pass-through entities would generally be eligible for the maximum 25 percent rate for individuals who are partners in the owning entity. Individual investors in a private fund that holds real estate in pass-through structures may enjoy a lower effective tax rate.” John also told the publication that the Foreign Investment in Real Property Tax Act (FIRPTA) is unlikely to be addressed in 2017’s tax reform, as the House version of the bill includes no FIRPTA changes other than conforming the withholding rates to the new lower rates provided in the bill. 

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