Foreign Buyer/Seller Consults
If you are a foreign national purchasing or selling property in Florida, you will probably be expected to comply with FIRPTA (Foreign Investor in Real Property Tax Act). This could result in a substantial amount of withholding from your net sale proceeds and a tax return due at the end of the year.
Most people are not aware that they do not have to wait to sell the property to comply with FIRPTA. You can plan prior to buying the property to limit your FIRPTA tax exposure. In addition, if you are not a US Citizen or permanent resident (green card) and you are domiciled in China, North Korea, Russia, Iran, Syia, Cuba, or Venezuela, the State of Florida has placed severe restrictions on your rights to buy and own property in this state and requires annual registrations with severe penalty for failure to do so. The experienced attorneys at SCZ Real Estate Law are here to help you navigate this maze of regulations.
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SCZ Real Estate Law is loved and trusted by seasoned Real Estate professionals throughout Florida. Our reputation speaks for itself as countless agents before they get to the closing yell “Get me SCZ!”. Why? Decades of experience writing thousands of real estate contracts that are just done right to protect both buyer and seller. Don’t trust your most valuable investment to a part-timer or overseas outsourced agency. SCZ Real Estate Law are the hometown heroes real estate agents count on to get the closing done right the first time.