Estimate the federal FIRPTA withholding due when the seller is a foreign person — with the primary-residence exemption tiers built in.
“Atlantic Title made our first home purchase so smooth. They explained every document clearly and closed on time. Couldn’t recommend them more highly.”
“As a Realtor I send every single client to Atlantic Title. Their team is responsive, professional, and always closes on time. My go-to title company in Florida.”
“We did a RON closing from out of state and it was absolutely seamless. The technology was easy to use and the team walked us through every step. Exceptional.”
The Foreign Investment in Real Property Tax Act (FIRPTA) requires the buyer to withhold federal tax when the seller is a foreign person. The default rate is 15% of the amount realized. It drops to 10% when the buyer will use the property as a primary residence and the price is between $300,000 and $1,000,000, and to 0% at or below $300,000 with a qualifying primary-residence use.
FIRPTA is nuanced and the IRS rules control. Atlantic Title Firm coordinates FIRPTA withholding and documentation at closing — always confirm specifics with your CPA or attorney.
Generally 15% of the amount realized. It can drop to 10% or 0% under the buyer primary-residence price tiers ($300k–$1M, or $300k or less).
The buyer (transferee) is legally responsible for withholding and remitting it to the IRS, typically handled through the closing agent.
No. This is a planning estimate only. FIRPTA outcomes depend on IRS rules and the seller's status — consult a CPA or attorney.
Leave your name, phone, and email and our team will reach out — fast and friendly, no obligation.
Already have a signed contract? Send it over and we’ll open your file today.
Submit a Contract →