Stock Purchase Agreement: FIRPTA Certificates from US Stockholders | Practical Law

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders | Practical Law

A recently published Standard Document that is delivered by each seller in connection with an acquisition of stock of a US target to inform the buyer that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980.

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders

Practical Law Legal Update 5-617-5642 (Approx. 2 pages)

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders

by Practical Law Tax
Published on 20 Jul 2015 • USA
A recently published Standard Document that is delivered by each seller in connection with an acquisition of stock of a US target to inform the buyer that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980.
Standard Document, Stock Purchase Agreement: FIRPTA Certificates from US Stockholders is delivered by each seller in connection with an acquisition of stock of a US target to inform the buyer that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980. If the seller is a foreign individual or entity and the transaction is subject to FIRPTA, the buyer may be required to withhold a portion of the purchase price. This Standard Document includes integrated notes with explanations.