Foreign Investment in Real Property. Seller hereby represents and warrants that Seller is not a foreign person as defined in the Foreign Investment in Real Property Tax Act (26 U.S.C. § 1445) and hereby consents to deliver at closing a certificate to that effect which contains Seller’s tax identification number.
Foreign Investment in Real Property. Tax Act of 1980 (FIRPTA). The Company is not now and has never been a “United States real property holding corporation” within the meaning of Section 897(c)(2) of the Code and Section 1.897 2(b) of the Regulations. The Company has filed with the United States Internal Revenue Service all statements, if any, with its United States income Tax returns, which are required under Section 1.897 2(h) of the Regulations.
Foreign Investment in Real Property. Tax Act (“FIRPTA”) Disclosure. Seller is hereby notified to consult with his/her own closing attorney and tax professional concerning the applicability of the Foreign Investment in Real Property Tax Act (“FIRPTA”) which may require tax withholding to be collected from Seller at the Closing of any sale of the Property. Examples of this may include if the Seller can be classified as one of the following: Non United States citizen; Non resident alien; or Foreign corporation, partnership, trust, or estate. It is Xxxxxx’s responsibility to seek independent tax advice prior to any Closing Date regarding such tax matters.
Foreign Investment in Real Property. Tax Act (FIRPTA): If Seller is a “foreign person” as defined by FIRPTA, Seller and Buyer agree to comply with Section 1445 of the Internal Revenue Code. Seller and Buyer will complete, execute, and deliver as directed any instrument, affidavit, or statement reasonably necessary to comply with the FIRPTA requirements, including delivery of their respective federal taxpayer identification numbers or Social Security Numbers to the closing agent. If Buyer does not pay sufficient cash at closing to meet the withholding requirement, Seller will deliver to Buyer at closing the additional cash necessary to satisfy the requirement.
Foreign Investment in Real Property. Act (FIRPTA) Buyer is hereby notified that FIRPTA withholding (Internal Revenue Code Section 1445) may be applicable to certain sales of United States real estate by non-resident aliens. Unless instructed otherwise by the parties to this escrow, Escrow Holder is released from any liability, obligation or responsibility with respect to compliance with said Code Section, including, but not limited to (a) withholding of funds,
Foreign Investment in Real Property. Act (FIRPTA) Buyer is hereby notified that FIRPTA withholding (Internal Revenue Code Section 1445) may be applicable to certain sales of United States real estate by non-resident aliens. Unless instructed otherwise by the parties to this escrow, Escrow Holder Is released from any liability, obligation or responsibility with respect to compliance with said Code Section, including, but not limited to (a) withholding of funds, (b) advising the parties as to the requirements of said sections, (c) determining whether transferor (Seller) Is a foreign person or entity and/or (d) obtaining a non-foreign affidavit.
Foreign Investment in Real Property. Tax Act The Foreign Investment in Real Property Tax Act of 1980 as amended by the Tax Reform Act of 1984 places special requirements for tax reporting and withholding on the parties to a real estate transaction where the transferor(seller) is a non resident alien or non domestic corporation or partnership or is a domestic corporation or partnership controlled by non residents or non resident corporations or partnerships. The parties to this transaction are seeking an attorney's, accountant's, or other tax specialist's opinion concerning the effect of this Act on this transaction and are not acting on any statements made or omitted by the escrow or closing officer. (INITIAL HERE: )
Foreign Investment in Real Property. Tax Act (“FIRPTA”). The Seller represents that the Seller is not a foreign person or foreign corporation as defined in FIRPTA and, accordingly, that the Purchaser will not be required to comply with the withholding requirements of FIRPTA at the closing.
