FIRPTA regulations

Impact on Foreign National of the Changes to the FIRPTA Regulations.

Jose Miori
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Jose Miori

President/Managing Broker at Urban Select Realty
Jose has a passion for Real Estate and helping people reach their goals.Being buying or selling heguides his clients during the process, making transactions smooth.Jose maintains open communication channels with his clients all the time.
Jose Miori
Get Social

FIRPTA regulations passed by the US Congress.  US Congress passed recently some changes that will affect foreign national sellers. Foreign Investment Real Property Tax Act – is a law from 1980. FIRPTA regulations provide that the Buyer must withhold a tax of 10% of the contract price if the Seller is a foreign national. This amount has to be sent to […]