with the 3 step flow chart below:
Calculating FIRTPA withholding is a relatively simple process. Calculating your maximum allowable refund, all possible exemptions, reduced withholding and fastest turn times is best done in a FREE No-Obligation Consult with our top 35+ year FIRPTA experts.
1. Is the Seller a Foreign National?
2. Is the Seller Exempt From Withholding?
3. Do the Buyers qualify for the residency exception? Themselves of members of their family occupying as a residence at least 50% of each year for the 1st and 2nd years.
is 15% of Purchase Price
$0-$300k Purchase Price
FIRPTA withholding is $0
$300-$1 mil Purchase Price (PP)
FIRPTA withholding is 10% of PP
Over $1 mil Purchase Price (PP)
FIRPTA withholding is 15% of PP