Frequently Asked Questions - Withholding Tax on Sale of Real Property
I've heard about a new "tax" on the sale of real property. What is this, and how can I get more information?
Effective January 1, 2003, state law generally requires an income tax withholding for individuals that have sold real property. Additional information and forms are available from the Franchise Tax Board's Web site at http://www.ftb.ca.gov/individuals/wsc/California_Real_Estate.html. Or, you may contact the Franchise Tax Board by telephone at (888) 792-4900 or by e-mail at wscs.gen@ftb.ca.gov.