Corporate Ownership of US Vacation Home Risks Withholding Tax for Foreign Investors
Channel: Esquire Group
Date: 2024-04-03

The US is a sought-after destination for High Net Worth Individuals (HNWIs) looking to invest in vacation homes. However, the allure of owning a piece of the American dream comes with complex tax implications that can often be overlooked. This episode dives deep into the tax challenges associated with owning vacation properties in the US by foreign investors, including income tax on rental income and capital gains, estate tax implications, and FIRPTA withholding taxes. We explore the dual-corporate structure strategy, a popular method among HNW foreign investors to mitigate these tax burdens, while also uncovering the hidden tax risks it poses, especially when the property is used personally.

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Hi! I am Jimmy Sexton, LL.M. – Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. 

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--------------------------------------------------DISCLAIMER--------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.