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    Josher03's Avatar
    Josher03 Posts: 1, Reputation: 1
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    #1

    Jan 6, 2010, 03:12 PM
    My UK SIPP owns commercial property in the USA, Do I have to pay tax on sale?
    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's Avatar
    Five Rings Posts: 459, Reputation: 7
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    #2

    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
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