3.8% Tax on Sales of Oahu Real Estate in 2013
REAL ESTATE TAX OR MEDICARE TAX?
There has been a lot of misinformation thrown around about the 3.8% Tax on Real Estate starting in 2013. For example, I have seen blogs and comments where people are proclaiming that anyone who sells their home will be subject to this tax and that the tax applies to the entire sale price of the home. I have also heard some people who think this tax applies to the purchase of real estate. Neither of these statements is true.
All information on this site is believed to be reliable but is expressly not guaranteed. Blog Posts by various authors are the opinions of the author only and do not necessarily reflect the position of Home Shoppe Hawaii or other contributors. This blog does not give legal or tax advice and readers are encouraged to check with licensed professionals for advice on any specific topic and to verify any information herein. Questions? Please contact Yvonne Jaramillo Ahearn at 808-721-8088.
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