A bill pending in the South Carolina House of Representatives proposes to significantly restrict land ownership in the state by certain foreign citizens or companies controlled by nations deemed adverse to U.S. security...more
6/16/2023
/ Commercial Property Owners ,
Exceptions ,
Foreign Adversaries ,
Foreign Corporations ,
Foreign Nationals ,
Foreign Ownership ,
National Security ,
Pending Legislation ,
Property Ownership ,
Real Estate Investments ,
Real Estate Transactions
When South Carolina properties are sold directly, or indirectly via the sale of equity in the property-owning entity, the sale typically qualifies as an assessable transfer of interest or an “ATI.” An ATI allows County tax...more