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STATE OF HAWAII DEPARTMENT OF TAXATION Copy A - For State of Hawaii, Department of Taxation FORM N-288B (REV. 2008) Application for Withholding Certificate for Dispositions by Nonresident Persons.

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STATE OF HAWAII — DEPARTMENT OF TAXATION. Instructions for Form N-288B. Application for Withholding Certificate for Dispositions by. Nonresident Persons of Hawaii Real Property Interest.

HARPTA is a payment of tax just like wage witholding or estimated taxes would be. If you have no gain at all on your Hawaii property sale and you are current on your GE and TAT taxes you might get ALL of the witheld fee (7.25% of the sale of the property) back as a refund.

In the State of Hawaii, the Hawaii Real Property Tax Act (referred to as HARPTA) is a mechanism that requires the withholding of 7.25% of the amount realized, generally the sales price, when a non-Hawaii resident sells real estate.

A transferee/buyer of a Hawaii real property interest, including an individual, corporation, partnership, or fiduciary, must file Form N-288 to report and transmit the amount withheld. If two or more persons are joint transferees/buyers, each of them is obligated to withhold.

The seller is exempt from the HARPTA withholding when the seller certifies that he/she is: a Hawaii resident person or entity (includes resident aliens), and. a Hawaii taxpayer, with the seller's home address and taxpayer ID number.

PURPOSE OF FORM Use Form N-358 to figure and claim the health- care preceptor income tax credit under section 235-110.25, Hawaii Revised Statutes (HRS).

A 7.25% withholding obligation is generally imposed on the transferee/buyer when a Hawaii real property interest is acquired from a nonresident person.

Every partnership must file information returns if it makes payments of rents, commissions, or other fixed or determinable income totaling $600 or more to any one person in the course of its trade or business during the calendar year. It must report interest payments if they total $10 or more.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232