But this is the first time Mr. Obama has included a Firpta change in a budget.
WSJ: Tax Plan May Provide Real-Estate Boost
2.
Firpta taxes gains from foreign sales of assets including buildings, land, mines and timber, as well as stock in real-estate companies.
WSJ: Tax Plan May Provide Real-Estate Boost
3.
Firpta had led a number of investors to change their strategies to investing in real-estate debt in the U.S. rather than equity, said Ben Sanderson of Hermes Real Estate Investment Management Ltd.