Description

Foreign investors have long been investing in U.S. real estate. With competitive real estate values and Florida's natural beauty, real estate agents will come across more Foreign Buyer’s and Seller’s! Investors purchasing or selling U.S. property interests from or to foreign persons are required to withhold 15% of the amount realized on the disposition. This seminar covers What is FIRPTA and the purpose?, FIRPTA requirements in the FR/Bar Contract, How to determine if you are in a FIRPTA transaction, Explain the FIRPTA foreign withholding tax rules, Understand the exceptions to the FIRPTA tax, Who is liable for FIRPTA tax, Definition of a U.S. Citizen.