FIRPTA Buyer's Affidavit

The stipulated 15% FIRPTA withholding requirement is lawfully allowed to be reduced when the Buyer(s) or their immediate family plan to live in the property for at least half of the days the property will be occupied each year in the next two years after closing.

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On real estate property sale amounts $330k or less, FIRPTA withholding can be eliminated entirely, meaning no withholding and no reporting.

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On property sale amounts $300k to $1mil withholding can be reduced to 10% instead of 15%.

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To qualify, Buyer(s) must swear out an affidavit which we provide, including the required statutory language along with our establishing the documentation. All this is provided to the Buyer and Closing Agent with detailed instructions. 

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Contact us if you think you may qualify.