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Is there a tax treaty between BVI and USA
YES. See HERE.
How does capital gains treated on sale of a 25 years 'held' residential property by a BVI limited liability company "foreign entity' in California USA- whose beneficial owner is a Foreign Alien?
Generally, the foreign alien corporation would not be taxed in USA since it maintains no office or presence in USA. It would be taxed in BVI, however, for the income.
What the the benefits of owning a USA property in British Virgin Islands by Foreign Alians?
There is no benefit per se, because while the BVI company owns the US property, it must still pay all local taxes associated with the property. It the property is later sold, the BVI company pays taxes on the income - in BVI. Not USA.
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