Posts Tagged ‘buyer’s primary residence exception FIRPTA’
Change in FIRPTA Withholding from 10% to 15%
Change in FIRPTA Withholding from 10% to 15% Under the Foreign Investment in Real Property Tax Act (“FIRPTA”) the sale of United States real property owned by a non-resident alien is now subject to 15% withholding (10% for dispositions before February 17, 2016). Why a withholding? To prevent a non-resident alien from taking the sales…
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