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FIRPTA Withholding Tax On Sale Of USA Property – Common FAQ’s

FIRPTA Withholding Tax On Sale Of USA Property – Common FAQ’s

by Kader Ameen | Jan 16, 2021 | FIRPTA

What is FIRPTA? When any foreign person sells is USA-based property, they are subject to the FIRPTA TAX withholding as per the (Foreign Investment in Real Property Tax Act) at the rate of 10% or 15% of the Gross Proceeds by the US Escrow/Selling agent. For example:...
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