Sec. 324. INCREASE IN RATE OF WITHHOLDING OF TAX ON DISPOSITIONS OF UNITED STATES REAL PROPERTY INTERESTS
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## SEC. 324 INCREASE IN RATE OF WITHHOLDING OF TAX ON DISPOSITIONS OF UNITED STATES REAL PROPERTY INTERESTS ###
(a)In General Subsections (a), (e)(3), (e)(4), and (e)(5) of section 1445 are each amended by striking “10 percent” and inserting “15 percent”. ###
(b)Exception for Certain Residences Section 1445(c) is amended by adding at the end the following new paragraph: > > #### “(4) Reduced rate of withholding for residence where amount realized does not exceed $1,000,000 > > In the case of a disposition— > > > ##### “(A) > > of property which is acquired by the transferee for use by the transferee as a residence, > > > ##### “(B) > > with respect to which the amount realized for such property does not exceed $1,000,000, and > > > ##### “(C) > > to which subsection (b)(5) does not apply, > > subsection
(a)shall be applied by substituting ‘10 percent’ for ‘15 percent’.” > . ###
(c)Effective Date **[**[26 U.S.C. 1445 note](/us/usc/t26/s1445)**]** The amendments made by this section shall apply to dispositions after the date which is 60 days after the date of the enactment of this Act.
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Sec. 324
INCREASE IN RATE OF WITHHOLDING OF TAX ON DISPOSITIONS OF UNITED STATES REAL PROPERTY INTERESTS
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