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recordation and transfer tax: Cooperatives Will Soon Be Subject to Transfer and Recordation Taxes - 07/06/09 12:42 PM
Historically, cooperatives have been exempt from paying a transfer and a recordation tax upon sale.
 
Beginning October 1, 2009, the transfer of shares in a cooperative will be taxed by the District of Columbia. The current tax rate is 1.45% of the sales price for cooperatives selling for $400,000 or more. If the price is under $400,000, the tax is 1.1% of the sales price.
 
Even if you're not planning to sell your unit, you could be subject to the transfer and recordation tax if you plan to add someone to your shares after September 30, 2009. 
 
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recordation and transfer tax: Domestic Partnerships Exempted from Recordation and Transfer Tax - 01/06/08 12:02 PM
If registered Domestic Partners transfer a property between themselves, that transfer is not subject to DC's transfer and recordation taxes.
Deed Recordation Tax and Related Amendments Amendment Act of 2004, D.C. Law 15-176, effective September 8, 2004, which treats domestic partners the same as spouses for the purpose of paying the deed recordation tax. For more information, please contact:
Office of Tax and Revenue (for recordation tax)941 North Capitol Street, NEWashington, DC 20002(202) 727-4829cfo.dc.gov/otr/site/default.asp
 
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--- Search for properties for sale in Southwest DC: http://www.swdcrealestate.com Search the MLS for the DC region: http://search.myDCagent.com Steve Dean RE/MAX Allegiance 202-338-8900 220 7th Street SE … (0 comments)

 
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