what are the tax implications for a UK citizen selling a US property?

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what are the tax implications for a UK citizen selling a US property?

I am in the process of selling a condo in LA which I bought 3 years ago with cash for $180,000. I am now selling it for $349,000 and I am a foreign national (UK).

2006-10-23 11:32:21 · 1 answers · asked by m.huda@btinternet.com 1 in Business & Finance ➔ Renting & Real Estate

1 answers

I cannot remember if it's 20% or 30% that gets held by the title company until tax issues are settled.

2006-10-23 16:43:57 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋