Philly Realty Transfer Tax (x2) when buying from a wholesaler?

[Mauricio Botero]

As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-assistanc...

What I'm wondering from the Philly group here is what your experiences have been with using wholesalers and assignment of contracts of sale, and how that worked with the transfer tax. I've read the bulletins and guidance that with assignments, that is considered a transaction that triggers the transfer tax being due (again). But also read some guidance that says you wont have to pay it twice if the assignment ends up being with your LLC as the buyer and you go to closing and you in fact are that LLC on the assignment contract.

So basically, wanted to start a thread not just for me but for others in the group if you run into this, what has been your experiences with transfer tax in Philly when it comes to this? Have you had to pay the transfer tax more then once as a buyer when buying from a wholesaler? Do you have any good links you can share that explains this better? Here are some links that I have that helped me with my research:

• http://www.revenue.pa.gov/GeneralTaxInformation/TaxLawPoliciesBulletinsNotices/TaxBulletins/RTT/Documents/rtt_bulletin_2008-01.pdf

• https://www.foxrothschild.com/publications/update-realty-transfer-tax-on-assignments-of-agreements-of-sale/

• https://www.ballardspahr.com/alertspublications/legalalerts/2008-04-29_pennsylvaniarealtytransfertax.aspx

• https://www.pabulletin.com/secure/data/vol37/37-50/2306a.html