Are transfers of title between related or associated corporations exempt from paying property transfer tax?
No. There is no exemption from property transfer tax for the transfer of property between related or associated corporations. Please note that the transfers of property between related or associated corporations are different from transfers of title pursuant to amalgamations or wind-up of societies. For more details on the transfers of title due to amalgamation or wind-up of a society refer to PTT 012.
Related Questions
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