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HARPTA and FIRPTA

Updated: Oct 12, 2021

If you are a non-resident of Hawaii, you will need to pay withholding of HARPTA on the sale price of your home. The State of Hawaii Department of Taxation has announced that the rate will increase from 5% to 7.25% of the sales price for the withholding of tax on the sale of Hawaii properties by non-Hawaii resident persons/entities on or after September 15, 2018.  This withholding is commonly known as “HARPTA”.  Its not a tax on the sale but the amount withheld from the seller’s proceeds from which a possible tax due.

And if you are foreign buyer, you will also need to pay FIRTPA withholding when you sold your house.


The increase was anticipated since the Federal government increased “FIRPTA” (withholding for foreign sellers) from 10% to 15% effective for closings on or after February 16, 2016.


So a total of 15+7.25= 22.25% of the Sale Value will be withheld if the buyer is a foreigner and out of state.


Upon closing of your real estate property, if your selling proceeds is under either HARPTA OR FIRPTA or both, you will need to get the N288 form from escrow upon closing for your tax reporting purpose in order to get the overpayment portion back.


如果您是夏威夷的非居民,您将需要为您房屋的售价预扣 HARPTA。夏威夷州税务局宣布,非夏威夷居民个人 在 2018 年 9 月 15 日或之后 夏威夷房产的预扣税税率将从销售价格的 5% 上调至 7.25% .

这种预扣税通常称为“HARPTA”。它不是对销售征税,而是从卖方的收益中预扣 可能应缴纳的税款。而通常这个数目都是多收取的。


如果您是外国买家,您还需要在出售房屋时支付 FIRTPA 预扣税。


由于联邦政府将 2016 年 2 月 16 日或之后 把 “FIRPTA”(外国卖家预扣税)从 10% 提高到 15%,因此预计会出现增长。

因此,如果买家是外国人且不在州内,则总共 15+7.25= 22.25% 的销售价值将被扣留。

在成交您的房地产物业时,如果您的销售收益受到这HARPTA 或 FIRPTA 或两者的规范内,您将需要在交房时从托管处获取 N288 表格以用于您的纳税申报退税,以便收回多付部分
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