percentage: HARPTA tax increase takes effect mid September if selling in Hawaii
- 08/31/18 04:48 PM
Selling your Hawaii property might cost a little more after September 15, 2018. HARPTA is a Hawaii law that requires a withholding tax when you sell real estate in Hawaii, if you are not a resident of the state. Currently it's 5%. FIRPTA is a federal law that requires a withholding of 10% at closing, if you are not a resident of the country. Read more about HARPTA and FIRPTA here It's going up: This year a new law was passed to increase the HARPTA amount from 5% to 7.25% and you can read the announcement here. What it means is … (2 comments)
Selling your Hawaii property might cost a little more after September 15, 2018.
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