HARPTA definition
Examples of HARPTA in a sentence
F-2 Hawaii Real Property Tax Act (HARPTA): Withholding Required If Seller Is A Non-Resident Of The State Of Hawaii.
A Hawaii Real Property Tax Act affidavit executed by Seller In the event that Seller shall be unable to deliver a HARPTA Certificate, Purchaser shall withhold from the sales proceeds payable to Seller at Closing such amount as is required by state taxing authorities for purposes of income tax withholding, and pay such amounts to the proper authorities.
Additional information regarding HARPTA withholding requirements can be found at www: .
P-1 HARPTA Withholding Required if Seller is a Non-Resident of the State of Hawaii.
The Borrower is in good faith and all the documents, financial statements, certifications and other information provided by the Borrower to the Lender under this Contract are true, complete, accurate and valid, and free from false records, material omissions or misleading statements.
MLP shall pay 50% of Escrow’s fees, all of the cost of preparing the deed, the Hawaii conveyance tax, the recording fees for documents to clear MLP’s title, the amount of any tax withholding (FIRPTA and HARPTA), if any, and 60% of the cost of a “Hawaii standard” policy of owner’s title insurance in favor of Optionee.
F-2 HawaiiHawai‘i Real Property Tax Act (HARPTA): Withholding Required If Seller Is A Non-Resident Of The State Of HawaiiHawai‘i.
If Seller does not provide Buyer with a certificate of exemption or waiver from HARPTA not later than two (2) business days prior to Closing, Escrow is hereby authorized and instructed to withhold/collect from Seller the required amount at closing and forward it to the State Department of Taxation.
In the event that Owner shall be unable to deliver a FIRPTA Certificate or the HARPTA Certificate, Transferee shall withhold from the sales proceeds payable to Owner at Closing such amount as is required by federal and state taxing authorities for purposes of income tax withholding, and pay such amounts to the proper authorities.