Please click the links below to access sales data for the past six months...ORANGE BEACH CONDO SALESORANGE BEACH HOME SALESGULF SHORES CONDO SALESGULF SHORES HOME SALESFOLEY HOME
Alabama Real Estate Withholding Tax For Out Of State Owners
Dated: October 18 2017
Views: 870
Did you know that the State of Alabama levies a 4% Withholding Tax on the profits of any real estate transaction with a purchase price of $300,000 or more when the owner is an out-of-state owner? If you are an out-of-state property owner in Alabama, this can have a significant impact on the amount of money that you net from the sale of your property.
The good news is that this tax can be avoided when you purchase the property by forming an Alabama LLC to take title. Please note that it must be an Alabama LLC and cannot be a foreign LLC. For more information on this topic, please contact The Niel Group.
Lance Niel
As an Orange Beach homeowner and resident, Lance enjoys living the Gulf Coast lifestyle and is passionate about sharing it with others. He helps his valued clients achieve wealth creation and personal....
Latest Blog Posts
Please click the links below to access sales data for the past six months...ORANGE BEACH CONDO SALESORANGE BEACH HOME SALESGULF SHORES CONDO SALESGULF SHORES HOME SALESFOLEY HOME
Please click the links below to access sales data for the past six months...ORANGE BEACH CONDO SALESORANGE BEACH HOME SALESGULF SHORES CONDO SALESGULF SHORES HOME SALESFOLEY HOME
Baldwin County Association Of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
Copyright © 2020 by the Multiple Listing Service of the Pensacola Association of
REALTORS ® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, re-transmitted, copied, framed, re-purposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS ®. Florida
