On Tuesday, January 19, three AABANY committees – Real Estate, Solo & Small Firm Practice, Tax, and Asia Practice – organized a CLE program entitled “Getting Ahead of the Inbound Curve: Business, Real Estate, and Tax Considerations for Foreign Investment in U.S. Real Estate.” Held at the offices of Baker Tilly Virchow Krause, LLP in New York, in a large conference room filled to capacity, the attendees learned from an expert panel about tax laws that apply to foreign entities seeking to invest in the United States.
Alex Yong Hao, Partner in Jun He and Co-Chair of the Asia Practice Committee, began with an overview of investment trends by Chinese companies in the United States, noting the high level of investments by Chinese in real estate.
Next, Baker Tilly Partner Don Ryu presented an overview of the tax codes that apply to foreign investors. JoonBeom Pae, Tax Committee Co-Chair and Associate at Weil, Gotshal, continued the discussion of tax laws applicable to non-resident aliens and foreign companies investing in the United States.
Pietro Stuardi, Senior Tax Manager at Baker Tilly, discussed the various structures available to foreign investors and the tax consequences of each.
The audience was highly engaged, offering pertinent and challenging questions to the panelists.
Thanks to Baker Tilly and First Nationwide Title for co-sponsoring this informative and useful CLE with AABANY, and thanks to all the Committee Co-Chairs from the organizing committees who were in attendance: Margaret Ling, Cary Chan and Wendy Yu (Real Estate); Cary Chan and Wendy Yu (Solo & Small Firm Practice); Margaret Ling and Alex Yong Hao (Asia Practice); Sahang-Hee Hahn and JoonBeom Pae (Tax).
Attendees received 1 CLE credit in the Areas of Professional Practice category. AABANY members received the credit for free.