Common use of Tax Certification Clause in Contracts

Tax Certification. Section 1455 of the Internal Revenue Code provides that the transferee of a United States real property interest must deduct and withhold a tax based on the amount realized by the transferor on the disposition, if the transferor is a foreign person. Seller is not a foreign person, and the "FIRPTA" certification will be provided to Agent by Buyer at Closing.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

Search the Best Contracts

Draft contracts faster by searching through millions of contracts from the best law firms across all industries.

30+ Reviews on G2 Crowd
nixon-peabody.svg
casio.svg
baker-mckenzie.svg
p-morgan.svg
stanford-university.svg
klgates-logo.svg
harvard-university.svg
dentons.svg

Tax Certification. Section 1455 of the Internal Revenue Code provides that the transferee of a United States real property interest must deduct and withhold a tax based on the amount theamount realized by the transferor on the disposition, if the transferor is a foreign person. Seller is not a foreign person, and the "FIRPTA" certification will be provided to Agent by Buyer at Closing.

Appears in 1 contract

Samples: Agreement