| The transfer tax is required by municipalities following the purchase of a property (house and land or land only).
You might be exempt from paying transfer tax in the event of a transfer between family members (between spouses, between father/mother and daughter/son, between father-/mother-in-law and son-/daughter-in-law).
This tax is calculated based on the greater of the following amounts: - the price paid for the purchase of property
- the consideration amount identified in the conveyance (for example, the total selling price less the value of furniture)
- the value identified in the municipal assessment roll, multiplied by a factor to reflect the real (market) value of the building
Here you can calculate the transfer tax amount. Enter the «Purchase amount» as described above. |