Are you buying or selling a slice of paradise in Hawaii? If you are a foreign investor or buying from one, there is a massive tax trap you need to know about before you get to the closing table.

In this video, we are breaking down the Foreign Investment in Real Property Tax Act (FIRPTA) and the Hawaii Real Property Tax Act (HARPTA). If handled incorrectly, you could see up to 22.25% of your gross sales price—not just your profit—withheld by the IRS and the State of Hawaii.

I’ll explain exactly how these tax withholdings work, the rare exceptions for properties under $300,000, and how you can protect your cash flow by filing IRS Form 8288-B for a Withholding Certificate. Navigating international real estate investment requires strategic planning.

Don’t leave your hard-earned equity in government limbo. Let’s make sure the only thing you are waving goodbye to is the Hawaiian sunset, not your bank account.

Contact Jason Wong, Principal Broker
Professional License: RB-22819

Personal Website: https://jasonwong.us
Firm Website: https://islanddragonfly.com

#HawaiiRealEstate #FIRPTA #HARPTA #RealEstateInvesting #HawaiiRealtor #OahuRealEstate #InternationalRealEstate #PropertyTaxes #RealEstateTips #LuxuryRealEstate #ForeignInvestment #HawaiiHomes #IslandDragonfly #JasonWongRealEstate #RealEstateBroker #WealthManagement #1031Exchange #CrossBorderInvesting #RealEstateEducation #OahuProperties #HawaiiBroker