Construction Management Agency: Not at Risk?

Our indirect tax specialists discuss a number of topical VAT issues related to UK real estate, both new and ongoing, covering topics including: RCB 12/2020 - VAT on early termination fees and compensation payments VAT exemption Domestic reverse charge Sale and leasebacks A recent care home case

As the multifamily cycle matures and fundamentals tighten, investors and owners are searching for creative ways to boost ROI. From exploring new growth markets to refinancing with improved loan terms and lower rates, the choices made today will play a critical role in positioning your firm for long-term success. Geared toward owners and operators of communities valued between $1 million and $10 million, this free webinar will expand your arsenal of actionable ways to optimize and expand your multifamily portfolio.

The CTA establishes beneficial ownership disclosure and reporting requirements for any newly formed and existing corporation, LLC or partnership which files formation documents in any state. Real estate counsel must understand the disclosure and other requirements of the CTA, including what constitutes a "beneficial owner" and the entities to which it applies. Any entity that has filed formation documents in any state is considered a "reporting company" for purposes of the CTA, subject to certain exemptions. Newly formed entities must submit a disclosure of its beneficial owners to FinCEN at the time of formation, and existing entities must file the disclosure within two years. A reporting company must also provide updated information to FinCEN within one year upon a change in beneficial ownership. Failure to comply with the new CTA reporting requirements will result in serious penalties. Failure to meet the reporting standards may result in civil penalties of up to $500 per day, and any individual who willfully provides false or fraudulent information may face criminal fines up to $10,000 and/or imprisonment for up to two years. The CTA adds a new layer of reporting and compliance requirements for lenders in real estate finance transactions. Lenders will need to reassess their AML protocols to better match the requirements of the CTA. Listen as our authoritative panel discusses the CTA, the new federal reporting requirements it imposes on borrowers, and the added due diligence issues it presents for lenders.

This CLE/CPE webinar will provide tax counsel with a thorough and practical guide to structuring strategies and tax considerations for foreign investors in U.S. real estate, outline best practices for determining the purchasing entity, and review tax planning opportunities in structuring the deal. The United States remains the most popular destination for foreign real estate capital investment. Critical for tax and investment advisers representing non-U.S. persons investing in U.S. real property is a comprehensive examination of optimal structures for the ownership vehicle and the mechanics of the purchase transaction itself.