News & Analysis as of

Foreign Entities Real Estate Transactions

Winstead PC

Texas Legislature Takes New Steps to Limit Foreign Ownership of Real Property

Winstead PC on

Senate Bill No. 17 becomes law on September 1, 2025. On June 20, 2025, Governor Abbott signed Senate Bill No. 17 to prohibit the purchase or acquisition of interests in real property by individuals domiciled in and...more

Blake, Cassels & Graydon LLP

La Cour d’appel de la Colombie-Britannique confirme la cotisation de la taxe imposée aux acheteurs étrangers

La décision récente rendue dans l’affaire 1164708 B.C. Ltd. v. British Columbia (l’« affaire 1164708 B.C. Ltd. ») traite de l’applicabilité de la taxe supplémentaire sur les transferts de biens (property transfer tax) (la «...more

Blake, Cassels & Graydon LLP

B.C. Court of Appeal Upholds Assessment of Foreign Buyer Tax

The recent decision in 1164708 B.C. Ltd. v. British Columbia (1164708 B.C. Ltd.) addressed the applicability of the additional property transfer tax (ATT), commonly known as the “foreign buyer tax,” under British Columbia’s...more

Bilzin Sumberg

New Rules Regarding the Purchase of Florida Real Property by Certain Persons or Entities from China

Bilzin Sumberg on

​​​​​​​On February 6, 2025, Rules 73C-61.001-.007, F.A.C. (“PRC Rules”), go into effect for implementing Section 692.204, Florida Statutes—the law restricting the purchase of real property by certain persons or entities from...more

Strafford

[Webinar] Corporate Transparency Act's Impact on Real Estate: Reporting Companies; Exemptions; Beneficial Ownership Reporting -...

Strafford on

This CLE webinar will examine the Corporate Transparency Act (CTA), effective Jan. 1, 2024, and its impact on real estate entities and transactions, including who is considered a "reporting company" subject to new beneficial...more

Dickinson Wright

Florida’s Foreign Entities Act Declared Unconstitutional in Recent Ruling

Dickinson Wright on

In a recent legal development, the 11th US Circuit issued a consequential verdict in Shen v. Simpson, a federal lawsuit challenging Florida’s Conveyances to Foreign Entities Act (SB 264), which restricts individuals from...more

Strafford

[Webinar] Tax Considerations for Foreign Rental Property: Holding Structures, Reporting Rental Income and Expenses, FTCs - March...

Strafford on

This course will discuss the considerations and caveats of U.S. residents owning foreign rental property. Our seasoned panel of international tax experts will explore U.S. and foreign holding structures, residential and...more

Strafford

[Webinar] Corporate Transparency Act's Impact on Real Estate: Reporting Companies; Exemptions; Beneficial Ownership Reporting -...

Strafford on

This CLE webinar will examine the Corporate Transparency Act (CTA), effective Jan. 1, 2024, and its impact on real estate entities and transactions, including who is considered a "reporting company" subject to new beneficial...more

Bilzin Sumberg

Florida Real Estate Commission Finalizes Buyer’s Affidavits for Conveyances to Foreign Entities

Bilzin Sumberg on

The Florida Real Estate Commission’s form buyer’s affidavits for conveyances to foreign entities are finally available and go into effect on January 17, 2024. This should provide some relief for practitioners and title...more

Steptoe & Johnson PLLC

Oklahoma Limits Foreign Property Ownership, Requires Affidavit of Compliance for Deeds

Steptoe & Johnson PLLC on

On November 1, 2023, a statutory amendment went into effect in Oklahoma which requires an affidavit be completed and attached as an exhibit to all deeds filed for record in any county in the state certifying compliance with...more

Goodwin

Far Beyond Real Estate: The Real Impact of Florida’s SB 264

Goodwin on

On May 8, 2023, Florida Gov. Ron DeSantis signed into law Senate Bill 264: Interests of Foreign Countries (SB 264), effective July 1, 2023. The law may affect not only traditional real property owners and investors but also...more

Miller Canfield

Canada’s Foreign Buyers Ban: What You Should Know About the Ban on Non-Canadians Purchasing Residential Property in Canada

Miller Canfield on

The government of Canada recently passed legislation that effectively bans non-Canadian individuals and corporations from purchasing residential real estate under the Prohibition of Purchase of Residential Real Estate by...more

Troutman Pepper Locke

New Economic Crime Act 2022 ‎Introduced in England and ‎Wales – What Does It Mean for Me?‎

Troutman Pepper Locke on

1. What is the new legislation? The Economic Crime (Transparency and Enforcement) Act 2022 (“the Act”) introduced a new Register of Overseas Entities (“the Register”) at Companies House for overseas entities which own...more

McGuireWoods LLP

Register of Overseas Entities – How to Ensure Overseas Entities Can Buy or Sell UK Real Estate

McGuireWoods LLP on

On 1 August 2022, a new Register of Overseas Entities (ROE) was launched at Companies House pursuant to the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). In a nutshell, any overseas entity wishing to buy,...more

McGuireWoods LLP

UK Real Estate Transactions With Overseas Entities

McGuireWoods LLP on

On 1 August 2022, a new Register of Overseas Entities (ROE) was launched at Companies House pursuant to the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA). In a nutshell, any overseas entity wishing to buy,...more

Cohen & Gresser LLP

The Economic Crime Act: What will Change for Managers of Offshore Structures

Cohen & Gresser LLP on

In the early hours of 15 March 2022, the Economic Crime (Transparency and Enforcement) Act (the “Act”) came into force. The rapid passage of the Act through the UK Parliament, after years of delays, came in response to...more

White & Case LLP

European Real Estate Finance: Recent developments - December 2019

White & Case LLP on

As part of our periodic updates, here is an overview of recent developments of relevance to participants in the real estate finance market across certain key jurisdictions in Europe....more

Jones Day

UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities

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The Situation: The purchase of property in the United Kingdom has, for various reasons, become an attractive mechanism by which to launder criminal proceeds through overseas entities. The Solution: A draft bill is...more

Hogan Lovells

Government select committee considers beneficial ownership register

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We blogged on 26 July 2018 about the government’s plans to publish a register of beneficial ownership of UK registered land. ...more

Foley Hoag LLP

eBook Doing Business in Massachusetts: A Guide to U.S. and Massachusetts Law for Non-U.S. Businesses

Foley Hoag LLP on

This guide is intended to provide foreign business-people with an introduction to the basic kinds of laws and regulations that affect the conduct of business in the United States, and particularly in The Commonwealth of...more

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