The Pennsylvania Department of Revenue (DOR) Oct. 18 issued a bulletin clarifying the application of the Pennsylvania Realty Transfer Tax to transfers from a decedent’s estate where consideration is exchanged. The bulletin provides explanations and examples of how the tax applies in various scenarios, including the conditions for exemptions, the role of personal representatives, and the impact of mortgages and other encumbrances on real estate. [Pa. Dep’t of Revenue, Realty Transfer Tax Bulletin 2024-01, 10/18/24]
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