Settlement charges

Settlement charges

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 Settlement charges hharry Reply Send to a Friend   Print
 
Subject Author Date
Settlement charges hharry 08-05-2005
Hello All,

I'm in the process of selling a plot of land and in the settlement
statement under section 1300 Additional Settlement Charges: there is a
10% tax holdback to Inland Revenue Service.

According to the selling agent, this charge is levied against non-US
citizens who sell property in the US.

Can I set this payment against my overall tax liability when I submit
my tax returns..




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