As we near the end of the year, now is the time for purchasers of new residences to consider the Florida homestead exemption and the many benefits it offers. To be entitled to receive a homestead exemption in 2017, you must be the owner of record of your property and have established Florida residency by […]
Foreign Investment in Real Property Tax Act: Increase in Withholding Rate
Buyers and sellers of United States real estate should be aware of new changes to the Foreign Investment in Real Property Tax Act (FIRPTA) which affects closings occurring on or after February 16, 2016. When a foreign seller disposes of a United States real property interest, FIRPTA requires the buyer to deduct and withhold a […]
