Sale of property in Fort Lauderdale
Posted date : Dec 16, 2021.
We are selling our condo and would like some legal advice. Do you have any recommendations of U.S. lawyers in our area whom we could consult? Is there an association that we can contact? We want to avoid any legal problems with this transaction.
Nick Peluso, Ottawa, ON
Ed.: The sale is very straightforward − all of the documentation and procedures of the sale are handled by a title company. Probably, there will be 15% of the sale price sent to the IRS as security for payment of any capital gains tax. In the year following the year of sale, a U.S. tax return must be filed at which time the tax is calculated and a refund of any excess held is requested. If you really do want a lawyer, then I would ask for a referral from your real estate agent or title company. Your condo association will also have a lawyer whom you could use.
