Home Sale Programs: Mobility Program Administrators Need to Consider FIRPTA Regulations

Transferees who are looking to purchase or sell a home in the United States need to ensure they adhere to the Foreign Investment in Real Property Tax Act (FIRPTA) legislation.

For non-US persons selling a home in the United States, FIRPTA regulations dictate that a percentage of the sale price must be withheld for IRS collection on any tax liability on the seller’s capital gains. This can result in increased complications within a home sale program, particularly if the Relocation Management Company is purchasing the home.

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