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Ballard Spahr LLP

Philadelphia Amends Realty Transfer Tax Law to Close Perceived "Loophole" in Sale of Interests in Real Estate Companies

Ballard Spahr LLP on

Mayor Kenney on May 15 signed into law a bill amending the Philadelphia Realty Transfer Tax as it applies to sales of interests in real estate companies. Before July 1, 2017, if a real estate company that owned Philadelphia...more

Adler Pollock & Sheehan P.C.

New Rhode Island Acquired Real Estate Company Conveyance Tax Leaves Many Unanswered Questions

Adler Pollock & Sheehan P.C. on

Effective July 1, 2015, Rhode Island now imposes a realty conveyance tax on the transfer of controlling interests in a “real estate company,” in addition to any other state taxes. Under prior law, if a person or business...more

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