Category: Funds

New 10% Withholding Imposed on Buyers of US Partnership Interests From Foreign Sellers

Be aware that part of the new tax law that came into effect January 1, 2018 imposes upon buyers of interests in U.S. entities taxed as partnerships (whether partnerships, LLCs, etc.) a new withholding requirement, under which the buyer of a partnership interest must withhold a 10% tax on the […]