How Do I Get A Refund of HARPTA Witholdings from the state? A non-resident Hawaii tax return must be filed for the year of the sale. Any over-payment would be refunded after the return is processed. You can file form N15 to obtain your refund.

How do I avoid HARPTA taxes?

The tax office must approve a HARPTA exemption application to avoid withholdings. Typically the owner would file Form N-288B (Application for Withholding Certificate for Dispositions by Nonresident Persons of Hawaii Real Property Interest) with original wet signatures together with Form N-103 (Sale Of Your Home).

Is HARPTA refundable?

HARPTA withholding is partially to fully refundable. If you have closed a transaction and had the full 7.25% withheld from your proceeds you may be wondering how to recover your money. If you don’t owe any tax on the transaction or have any other unpaid income or excise taxes – you can recover the full amount withheld.

Who pays HARPTA tax?

buyer
5 Is HARPTA a tax? HARPTA is not a tax. The amount withheld and paid to the Department by the buyer is an estimated tax payment made for the seller. The buyer is acting as a withholding agent.

How long does it take to get a HARPTA refund?

4-16 weeks
Refunds take from 4-16 weeks.

How long does it take to get a Harpta refund?

What is Form N 288C?

Use Form N-288C to apply for a refund of the amount withheld on dispositions by nonresident persons of Hawaii real property interests which is in excess of the transferor/ seller’s tax liability for the transaction. Also, Form N-288C will be rejected if it is filed after the due date of the tax return.

How long does a HARPTA refund take?

Form n-288C (refund) Refunds take from 4-16 weeks.

What is Form N-288C?

How to get a harpta form for Hawaii?

HARPTA – Withholding Tax on Sales of Hawaii Real Property by Nonresident Persons. To request a form by mail or fax, you may call our Taxpayer Services Form Request Line at 808-587-4242 or toll-free 1-800-222-3229. To ensure your privacy, a “Clear Form” button has been placed on all current writable forms.

How does harpta work for real estate owners?

HARPTA was enacted to provide a means for the state to collect capital gains taxes from absentee owners. HARPTA is very similar to laws passed by several other states as well as to a federal law that applies to non-US citizens that sell real estate. Under HARPTA, an estimate of the owner’s capital gains taxes is withheld at closing.

Where can I get a harpta refund form?

The forms can be obtained from the state. Select “Forms” from and go to the “Alphabetical List”. Select “N” and scroll to the applicable form. The forms can be downloaded from the state website here. WHAT DEFINES A NONRESIDENT?

How is capital gains tax withheld under harpta?

Under HARPTA, an estimate of an owner’s capital gains tax that will be due Hawaii is withheld at closing. Prior to the passage of HARPTA, the state had no means of collecting such taxes unless the absentee owner filed a Hawaii income tax return for the year of the sale. NOTE: Some absentee owners may be exempt from the HARPTA law.