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Before FIRPTA became law, non-U.S. citizens could purchase U.S. real estate and sell it at a profit, without paying taxes. Under FIRPTA, buyers who purchase property from foreign nationals are required to withhold 10% of the sales price in a real estate transaction as a deposit for the seller’s potential tax liability.There are exceptions to the law, as well as situations that can result in a reduced withholding amount.

For more information on these topics, as well as direct assistance and support throughout the entire home buying process, international buyers can contact us with your questions.

Florida Realty Mgmt. Inc.
Homes for Sale in Fort Lauderdale and Miami
Address: 85 Isle Of Venice, Fort Lauderdale, FL 33301
Phone: 954-292-5395


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