{
  "url": "sellingrealestateflorida.com/faq/what-is-firpta-and-how-does-it-affect-international-home-buyers",
  "name": "What is FIRPTA and how does it affect international home buyers?",
  "@type": "FAQPage",
  "@context": "https://schema.org",
  "speakable": {
    "@type": "SpeakableSpecification",
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  "mainEntity": [
    {
      "name": "What is FIRPTA and how does it affect international home buyers?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "FIRPTA (Foreign Investment in Real Property Tax Act) is a U.S. tax law that imposes income tax on foreign persons selling U.S. real property interests. When an international owner sells property, a portion of the sale price (currently 15%) is typically withheld by the buyer and remitted to the IRS. This is not an additional tax but a withholding mechanism to ensure capital gains tax is paid. Understanding FIRPTA is part of the preparation needed for a future sale.",
        "@type": "Answer",
        "description": "FIRPTA is a U.S. tax law requiring buyers to withhold a portion of the sale price when an international owner sells U.S. real estate."
      }
    }
  ],
  "description": "FIRPTA is a U.S. tax law requiring buyers to withhold a portion of the sale price when an international owner sells U.S. real estate."
}