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tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

if the property is in my name and is going to transfer to a LLC I sponsored, there is not actual sale, is there any property transfer tax in this case?

Thanks.

robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

state may chage recording fees.

dollylee9 · Joined: 19 Jul 2009 Posts: 63 -0.14 Dollars($)

can you specify your location?
So that anyone can help you............

tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

I think the county or the state will charge recording fee. Will I have to pay property transfer tax?

tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

Hi dollylee9,

The property is in Atlanta, Georgia. Do the county make any difference in terms of recording fee and property transfer tax?

Thanks.

smithsussane · Posted: Thu Jul 23, 2009 10:24 pm Post subject:

Hi tigerfamous!

Welcome to forums!

In my opinion, you should contact the county recorder's office to know about the exact transfer fees. They will be able to help you in the best way.

Feel free to ask if you've further queries.

Sussane

jk9999 · Joined: 15 Jul 2009 Posts: 111 1.82 Dollars($)

i have the same concern as tigers. Of course recording fee is the cost he should endure. The tax issue is too complicated even though he has not sold the house yet. I think he should not be taxed on the profit until he sold the house. Any other opinions?

jameshogg · Posted: Fri Jul 24, 2009 9:27 pm Post subject:

Hi jk,

Any kind of the transfer of property will result into transfer taxes. As far as the capital gains tax is concerned, it will be charged once you sell off the property.

Thanks

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