---
title: "Record the state and the contract price for a transfer tax"
url: "https://ailawframework.com/practice/residential-conveyancing-and-property/work-out-nsw-transfer-duty-from-the-contract-price-on-the-revenue-nsw-tr/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A9-B15-1-US"
practice_area: "Residential Conveyancing & Property"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Record the state and the contract price for a transfer tax

> Record the state named for the land and the price the contract states. Do not compute a transfer tax and do not apply a scale from another country.

Canonical page: https://ailawframework.com/practice/residential-conveyancing-and-property/work-out-nsw-transfer-duty-from-the-contract-price-on-the-revenue-nsw-tr/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Residential Conveyancing & Property](https://ailawframework.com/practice/residential-conveyancing-and-property.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Record the state named for the land and the price the contract states. Do not compute a transfer tax and do not apply a scale from another country. |
| What the lawyer must review | You compute any tax, after you open the statute of the state where the land is. No state transfer-tax rate was opened. Section 1445(a) requires the transferee, except as that section otherwise provides, to deduct and withhold a tax equal to 15 percent of the amount realized on a disposition of a United States real property interest by a foreign person. That is federal withholding on a disposition by a foreign person. It is a different tax from a state transfer tax on a purchase, and it is not a duty scale of New South Wales or of any other place. The IRS page names Forms 8288 and 8288-A. You open the current form. The tool stops at the state and the price. |
| Written for | United States |
| Applies to | [Work out NSW transfer duty from the contract price on the Revenue NSW transfer duty page](https://ailawframework.com/practice/residential-conveyancing-and-property/work-out-nsw-transfer-duty-from-the-contract-price-on-the-revenue-nsw-tr.md) |

## Checking plan

- What the AI does: Record the state named for the land and the price the contract states. Do not compute a transfer tax and do not apply a scale from another country.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Do not treat the contract price as the amount realized until you read how that term is applied.
- A purchase by a person the file does not describe as foreign is outside § 1445(a) until you decide otherwise.

## Sources

- [26 U.S.C. § 1445 (withholding of tax on dispositions of United States real property interests)](https://www.law.cornell.edu/uscode/text/26/1445) (checked 2026-10-22)
- [IRS, FIRPTA withholding](https://www.irs.gov/individuals/international-taxpayers/firpta-withholding) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*