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Showing posts with label Foreign Investment in Real Property Tax. Show all posts
Showing posts with label Foreign Investment in Real Property Tax. Show all posts

Wednesday, January 13, 2016

13 Jan

FIRPTA Withholding Tax Rate Increased 5%

On December 18, 2015, the Protecting Americans from Tax Hikes Act (PATH) was signed into law, amending, among other things, the Foreign Investment in Real Property Tax Act (FIRPTA). The most significant change is that there has been an increase in the withholding rate from 10% to 15%. What this means is that the buyer’s...