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Updated about 8 years ago, 10/21/2016

User Stats

27
Posts
8
Votes
Mike Hoherchak
  • Bethlehem, PA
8
Votes |
27
Posts

Your thoughts on a strategy to avoid double transfer tax in PA?

Mike Hoherchak
  • Bethlehem, PA
Posted

So I found a way to avoid the double transfer tax by utilizing 1. an option contract 2. a notice of option contract and 3. an option termination agreement instead of a purchase agreement with the seller. You act as more of a lien holder collecting the "lien release fee" vs. being considered both a buyer and seller at the same time triggering two taxable transactions.

I was curious to know the thoughts of seasoned wholesalers on this or if there was a better way. 

Thanks in advance for anyone's input!

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