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What is LTT?

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What is LTT?

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The Land Transfer Tax (LTT) is a one-time tax that is assessed at the time a home, office building, land, or other real estate is sold. This 0.4% tax is paid by the seller if and when property is sold. For example, the tax on the sale of a $300,000 home would be $1,200 (0.4% X $300,000).

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