FIRPTA and the Foreign Seller

FIRPTA is an acronym for the Foreign Investment in Real Property Tax Act of 1980. It is a United States tax law that imposes a tax upon the gain of foreign persons disposing of United States real property interests. It supersedes all tax treaties that might otherwise provide exemption from tax such gains.

ABOUT THE AUTHOR

Ronald S. Webster has practiced Law in Collier County with a principal office on Marco Island since 1986.
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