Destination Maui can assist you with various taxes that are involved in owning property in Hawaii. This includes taxes, such as Property tax, Income tax, GET/TAT, HARPTA, FIRPTA and Conveyance Tax. See below for some brief explanations.
Property Tax is the local tax assessed on property owned, such as real estate or automobiles.
Hawaii General Excise Tax (GET) is a tax imposed on business activity in Hawaii. This tax is often called a “total gross income tax” because the tax is computed on the businesses’ total gross income derived from doing business in Hawaii and not on the businesses’ net profit. GET is currently 4.166% and is charged by most, if not all business.
Hawaii Transient Accommodation Tax (TAT) is a tax imposed on gross income derived from the renting of transient accommodations in Hawaii. TAT is currently 7.25% and is charged for any hotel or vacation accommodations.
HARPTA stands for Hawaii Real Property Tax Act, it is an amount withheld from the sale of Hawaii property by a non-resident seller.
FIRTA is the Foreign Investment in Real Property Tax Act, an amount withheld on non-U.S. resident sellers.
Conveyance Tax is the tax imposed on the transfer of real estate property.
Everyone working in the Destination Maui, Inc. office, from Ron to the management and support staff, has focused on maintaining and improving the reputation of the properties in their care...
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Everyone working in the Destination Maui, Inc. office, from Ron to the management and support staff, has focused on maintaining and improving the reputation of the properties in their care...