Brazilian tax residents who have or plan to invest in United States real estate need to be aware of U.S. federal income and estate tax rules that may reduce their overall return and subject them to direct filing obligations. Awareness of tax issues becomes even more significant with recent U.S. legislation offering significant tax breaks for capital gains sourced from U.S. real estate that is re-invested in “Opportunity Zones”. These tax breaks include deferral, reduction, and even permanent elimination of U.S. taxes for foreign investors with realized capital gains.
The chamber hosted a discussion with leading practitioners on planning techniques and structures that can mitigate the U.S. tax impact for Brazilian residents invested in U.S. real estate. The panel discussed the potential benefits available to Brazilians under the new legislation, including tax structures, legal considerations, and how to invest in opportunity zones.
Anastasios Kastrinakis, Partner, Duane Morris
Jack Brister, Managing Member and Founder, International Wealth Tax Advisors
Eric Roth, Director New York – Investment Sales, Cushman & Wakefield