Selling your US property & FIRPTA
A seamless way to retrieve your property proceeds and FIRPTA withholdings.
Create an account
Talk to an expert
A seamless way to retrieve your property proceeds and FIRPTA withholdings.
Create an account
Talk to an expert
When selling your US property as a foreign national it is important to understand Foreign Investment in Real Property Tax Act, also known as FIRPTA.
This act is a US tax withholding of 15% of the property sale value that is sent to the IRS to ensure that all tax obligations are filled by the foreign seller of property.
The seller can retrieve the funds through their annual tax filing.
Due to various financial institutions’ security procedures, many US bank impose restrictions on non-residents accessing their funds remotely, and some institutions only allow a payout via check to an account in your own name. This can lead to significant delays and complications when receiving your property proceeds and tax refunds.
Use our multi-currency account to avoid getting a US dollar check and get your funds from the IRS faster.
We work with the leading FIRPTA specialists across the US to provide a seamless experience.
Award-winning customer service from our expert account management team.
During your annual tax filing, you can claim your 15% FIRPTA withholding.
Rather than struggling to find a place to cash a US dollar check overseas, with our local currency accounts you can receive your refund as a direct deposit from the IRS.
Simply talk to us and we’ll guide you through the rest.
US property is sold by foreign national.
At closing buyer sends 15% withholding to the IRS.
Seller completes annual tax filing.
Seller receives funds.
Find out more about how Currencies Direct can support your United States property sale.
