Canadians Selling in AZ – Important FIRPTA Update

As we all know, the Loonie is not in good shape and Canadians buying here in AZ is a tougher justification to make than it was a few years ago.  But if you were someone who bought then be aware:

IF YOUR PROPERTY SELLS FOR OVER  ONE MILLION DOLLARS THEN THE POTENTIAL WITHHOLDING TAX WILL BE 15% NOT 10%.

 

FIRPTA Withholding Rate to Increase to 15%

FIRPTA Withholding Rate to Increase to 15%

 

 

 

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