Business Information


Small Business

Is It True That You Could Promote Your House And Not Pay Capital Gains Tax?

Real Estate Department

What is the distinction between single location vs. multiple location transfer? A single location switch means a switch during which the property is located in a single native jurisdiction code. This could also be a single parcel or multiple parcels as long as all parcels are in the identical Real Estate local jurisdiction. For sales in a single local jurisdiction, complete the Single Location Affidavit. In the case of a controlling interest transfer the “selling price” means the true and honest worth of the actual property owned by the entity on the time the controlling curiosity is transferred.

  • This will decide the speed for the state portion of REET for the whole sale.
  • A controlling interest transfer occurs when there is a 50% or more change of possession in an entity.
  • National, state & native leadership, workers directories, leadership opportunities, and more.
  • All data offered herein has