Tax Alert: Arizona Tax Amnesty 2015

Written on May 19, 2015 at 08:49 AM

By Holly I. Unck Esq., Senior Managing Consultant, Phoenix

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Categories: Arizona, Sales & Use Tax, Paradigm Info, Transfer Taxes

Pittsburgh Begins Closing Loopholes That Allow Developers to Avoid Deed Transfer Taxes

Written on February 03, 2015 at 08:32 AM

The Pittsburgh school district is cracking down on developers who have been taking advantage of loopholes to avoid paying deed transfer to taxes when buying properties Downtown and elsewhere for the past several years. In the city, the transfer tax, paid on all property sold, is 4 percent, with 2 percent going to the city, 1 percent to the school district, and 1 percent to the state. However, there have several high-profile cases over the last four years in which buyers took advantage of loopholes to escape paying millions of dollars in deed transfer taxes.

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Categories: Pennsylvania, Real Property, Transfer Taxes

Measure to Increase Real Estate Transfer Tax on Santa Monica's Ballot

Written on October 27, 2014 at 09:54 AM

On November 4, Santa Monica residents will vote on Measure H and HH, which will decide whether or not to increase transfer tax rates and if so, where to allocate the new funds. Placed on the ballot by City Council to raise local city revenue, Measure H calls for a yes or no vote that would amend the real estate transfer tax so that for commercial and non-commercial real estate sold for one million dollars or more, the rate would increase from $3 to $9 per $1,000 of sale price (or fractional part of $1,000). Transfers for less than $1 million would continue to be taxed by the City at the existing rate of $3 per $1,000 of sale price.

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Categories: Real Property, California, Transfer Taxes

How to Minimize Real Estate Transfer Taxes on Hospitality Acquisitions

Written on October 23, 2014 at 06:26 AM

By Holly I. Unck, Senior Managing Consultant, Phoenix

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Categories: Real Property, Resorts, Hospitality, Paradigm Info, Hotels, Transfer Taxes

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