How would a real estate transfer tax affect families that own property?
Yes, rightly said, there is still a big problem of double taxation. You con find more information in detail about Real estate transfer taxes and also consult problem in better way- http://www.pearlsrilanka.com/dynamic-page.php?key=consulting
Real estate transfer taxes are family-unfriendly. Small farms and family homes that have been passed down for generations would be subject to the new and unfair burden of double taxation, if transfer taxes are imposed on land for which property taxes have already been paid for decades. And such a transfer tax would be imposed before the federal government takes its 50 percent “death tax” bite on family properties. Missouri common sense tells us we should rule out such family unfriendly taxation that destroys dreams.
