Adding seller to contract to avoid double trasfer tax?

Posted on: Fri, 07/22/2011 - 18:37

ssnee's picture

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Adding seller to contract to avoid double trasfer tax?

I live in Pittsburgh,PA and the laws here seem to be
less friendly to wholesalers than any-were. In PA you have to pay transfer tax twice on assignments and the tax is based on FMV not purchase price witch is ridiculous considering the house isn't worth FMV and I have to pay IT twice oouch! Is there a way around this?
selling LLC are going to have transfer tax on them soon I hear. can I add My end buyer on the contract to avoid the double tax? Please don't answer if you aren't sure of want to give me mentoring or links to **** sites.

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by ssnee
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Posted on: Thu, 12/01/2011 - 05:23 #1

travisderod's picture

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Contact your tax advisor

Contact your tax advisor and/or attorney.

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