Withholding of Oregon Tax on Out-of-State Sellers of Oregon Real Estate

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In the 2007 regular session, the Oregon Legislature adopted ORS 314.258, requiring any person that is an “authorized agent” to withhold and pay to the Oregon Department of Revenue a portion of the consideration received in a “conveyance” of an Oregon “real property interest” when the transferor is an out-of-state individual or corporation.

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Published In: Tax Updates