The Washington Legislature completed its 2019 legislative session with the passage of sweeping changes to the real estate excise tax (REET). The REET legislation was the centerpiece of the Legislature’s efforts to raise revenue and make Washington’s tax system more progressive. If signed by the...
Most of Oregon has no real estate transfer tax. Only Washington County charges such a tax: $1 per $1,000 when the value of a property sale exceeds $13,999. Curious to know how transfer taxes work in your state? We’ve pored through all 50 state legislature codes to bring you the ...
Any conveyances of an interest in real property is potentially taxable in Washington, so in order to record a deed, the parties must also prepare and sign a real estate excise tax affidavit stating the purchase price or the grounds for any claimed exemption. If you have additional questions ...
The evidence presented at trial proved that from 2009 until January 2012, the real estate developer willfully evaded the payment of employment and excise taxes owed by him and the three businesses he controlled. One of the ways he avoided paying taxes was by transferring over $1.1 million into...
Commutation Riders first appeared in the late 1990s when Estate tax exemptions were much lower then they are today. one important aspect of the favorable IRS Private Letter Ruling 9812027 obtained by Allstate Life Insurance Company included the provision that the terms had to be reflected in the ...
In the case, the buyer, David Ferguson, and the seller, Joyce Maxim, signed the standard form Offer to Purchase put out by the Massachusetts Association of Realtors for the sale of residential property in Leominster. (For my post comparing the MAR form with the Greater Boston Real Estate Bo...
Fundrise is the first real estate investment platform to create a simple, low-cost way for anyone to invest in private market real estate for as little as $10, and access its historically consistent returns in the form of dividends and appreciation. Fundrise has reinvented REITs for the interne...