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Jan 30, 2018 · Extraterrestrial real estate: Can you buy land on other planets? Bree Guthrie. Updated 31 Jan 2018, 9:52am. First published 30 Jan 2018, 5:29pm. NASA has been developing a new power source called the kilopower reactor, that could potentially provide energy for use in space.
Weiss has owned the compound ever since, and first attempted to sell it this February, for $2.1 million, before removing it from the market — although not from Airbnb, where it is currently listed...
Jan 3, 2019 · Still, the IAU says purchasing extraterrestrial real estate legally gives you no claim to the land. "Like true love and many other of the best things in human life, the beauty of the night sky is...
- Withholding of Tax on Dispositions of United States Real Property Interests
- U.S. Real Property Interest
- Rates of Withholding
- References/Related Topics
- Frequently Asked Questions
The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. A disposition means “disposition” for any purpose of ...
A U.S. real property interest is an interest, other than as a creditor, in real property (including an interest in a mine, well, or other natural deposit) located in the United States or the U.S. Virgin Islands, as well as certain personal property that is associated with the use of real property (such as farming machinery). It also means any inter...
The transferee must deduct and withhold a tax on the total amount realized by the foreign person on the disposition. The rate of withholding generally is 15% (10% for dispositions before February 17, 2016). The amount realized is the sum of: 1. The cash paid, or to be paid (principal only); 2. The fair market value of other property transferred, or...
Note: This page contains one or more references to the Internal Revenue Code (IRC), Treasury Regulations, court cases, or other official tax guidance. References to these legal authorities are included for the convenience of those who would like to read the technical reference material. To access the applicable IRC sections, Treasury Regulations, o...
Dec 2, 2008 · Space Properties for Sale If they're offering extraterrestrial real estate or star-naming rights for sale, chances are it's a ripoff. by Brian Dunning Filed under Consumer Ripoffs. Skeptoid Podcast #130 December 2, 2008 Podcast transcript | Subscribe
Aug 1, 2001 · Previously the exclusive domain of science-fiction novels, the sale of extraterrestrial real estate has nowadays become a favourite feature of tabloid reports.
Mar 23, 2024 · Extraterrestrial real estate not only deals with the legal standpoints of potential colonization, but how it could be feasible for long-term real estate. There are multiple factors to consider in using another planet for real estate including transportation, planetary protection , astrobiology, sustainability , how to create a real estate ...
