Selling your Hawaii luxury condo or beachfront estate should be an exciting milestone, not a stressful financial headache. But if you’re a non-resident or foreign investor getting ready to close, you need to know about a six-letter acronym that catches many sellers off guard: HARPTA.

In this deep dive, we are cutting through the rumors to explain exactly what the Hawaii Real Property Tax Act (HARPTA) is—and more importantly, how to protect your equity. Remember, HARPTA isn’t a tax; it’s a 7.25% withholding on the amount realized (your sales price, not your profit). If you’re selling an $800,000 property, that’s $58,000 held at escrow, even if you made zero capital gains!

Don’t let the tax man surprise you. Let’s sell that house, keep your equity, and stay out of tax trouble.

🌐 Island Dragonfly: https://islanddragonfly.com
🌐 Personal Website: https://jasonwong.us

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