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FIRPTA Withholding – Foreign Investment in Real Property Tax Act

FIRPTA (Foreign Investment in Real Property Tax Act) Withholding is the Withholding of Tax on Dispositions of United States Real Property Interests 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 […]

Capital Gains Tax

Capital Gains tax is a US Federal Tax that: Long Term and Short Term Gain Capital gains tax is payable on the net gain from the sale of property.  The gain is calculated by taking the sale price less the purchase price and all related costs incurred in the purchase and sale of the property.  […]