Conveyance Tax Flashcards
1
Q
Within 90 days of disposition. Signed by both buyer and seller (or agent). Paid once on Agreement of Sale- at close of first escrow, not payoff
A
Paid by seller
2
Q
Based on:
A
Sale price, including mortgages. If commercial lease of 5+ years, it will be based on capitalizing the lease rent or dividing lease rent by 6%
