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Are any transactions tax-exempt?

April 26, 2017tax-exempt transactions

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Are any transactions tax-exempt?

1 Answer

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Posted

Some transactions are realty transfer tax-exempt. Conveyances between husband and wife, parent and child, grandparent and grandchild, and brothers and sisters are generally exempt from transfer tax. There are some other exemptions allowed in certain situations. It is best to consult your attorney, contact our office, or contact the Pennsylvania Department of Revenue regarding special circumstances for exemptions or a partial exemption.