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View Full Version : My UK SIPP owns commercial property in the USA, Do I have to pay tax on sale?


Josher03
Jan 6, 2010, 03:12 PM
My UK pension scheme (SIPP fund) owns commercial property in the United States. If my pension scheme sells this property, do I have to pay United States taxes on the transaction?

Five Rings
Jan 7, 2010, 09:22 AM
Your pension fund will be liable to tax absolutely.

This falls under the "Foreign Investors in Real Property Tax Act" or FIRPTA for short

See: Definitions of Terms and Procedures Unique to FIRPTA (http://www.irs.gov/businesses/small/international/article/0,,id=102266,00.html)