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Updated about 1 year ago,
Pennsylvania Wholesalers - How do you handle transfer taxes?
I tried searching BP for this answer but haven't figured it out yet.
If you're wholesaling a deal in Pennsylvania, where you must pay a 2% transfer tax, how do you structure this in your deal/agreement? I can't imagine a buyer would be willing to pay all of it since that could quickly kill their spread... right?
I read the bulletin PA released back in 2008 and it seems clear.. even if you are assigning a contract, you are still required to pay the transfer tax.
Any info you can provide would be greatly appreciated.