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Do I Need to Pay Transfer Taxes When Transferring Title? - Natalia A. Sishodia
From Sishodia PLLC - Do I Need to Pay Transfer Taxes When Transferring Title? explains how New York State transfer tax and the New York City Real Property Transfer Tax (RPTT) apply to a deed transfer in Manhattan and throughout NYC, including what legally qualifies as consideration and how transfer taxes are calculated at closing. Natalia A. Sishodia, Esq., LL.M. outlines how these rules impact buyers and sellers of condos, co-ops, residential property, and commercial property, and why understanding transfer tax obligations before recording with the Office of the City Register is essential…
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