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The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), enacted as Subtitle C of Title XI (the "Revenue Adjustments Act of 1980") of the Omnibus Reconciliation Act of 1980, Pub. L. No. 96-499, 94 Stat. 2599, 2682 (Dec. 5, 1980), is a United States tax law that imposes income tax on foreign persons disposing of United States real property interests. Tax is imposed at regular tax rates for the type of taxpayer on the amount of gain considered recognized. Purchasers of real property interests are required to withhold tax on payment for the property. Withholding may be reduced from the standard 10% to an amount that will cover the tax liability, upon application in advance of sale to the Internal Revenue Service. FIRPTA overrides most nonrecognition provisions as well as those remaining tax treaties that provide exemption from tax for such gains. ==Overview== United States tax law requires that all persons, whether foreign or domestic, must pay income tax on dispositions of interests in U.S. real estate (U.S. real property interests). Domestic persons are subject to this tax as part of their regular income tax.〔Domestic taxable persons (individuals, corporations, estates and trusts) are subject to income tax on taxable income. Taxable income is gross income, with adjustments, less allowable deductions. (26 USC 61 ) defines gross income as income from all sources, including specifically gains on dealings in property.〕 Internal Revenue Code sections 897 and 6039C were enacted in FIRPTA;〔With respect to sections 897 and 6039C, see FIRPTA sections 1122 and 1123, respectively.〕 the Act also made conforming amendments to various other provisions of the Internal Revenue Code. Foreign persons are taxed only on certain items of income, including effectively connected income and certain U.S. source income. Foreign persons, however, are not taxed on most capital gains. Internal Revenue Code section 897, as enacted by FIRPTA,〔(26 USC 897 ), (26 CFR 1.897-1 through -9T ).〕 treats the gain on a disposition of an interest in United States real property as effectively connected income subject to regular federal income tax. To ensure tax collection from foreign taxpayers, FIRPTA requires buyers of U.S. real property interests to withhold 10% of the sales price. The seller may apply to the Internal Revenue Service (IRS) to reduce this 10% to the amount of tax estimated to be due. The IRS routinely and quickly approves such seller applications. FIRPTA applies in virtually all cases where a foreign owner of a U.S. real property interest disposes of that interest. Provisions of the law which would prevent recognition of gain generally do not apply unless the seller receives a U.S. real property interest in a qualifying nonrecognition exchange. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Foreign Investment in Real Property Tax Act」の詳細全文を読む スポンサード リンク
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