Tax Type
Recordation Tax
Description
Tax Paid on Recordation of Contract
Topic
Documents Subject to Tax
Date Issued
02-16-1967
Section 58-61 Virginia Code provides no additional recordation tax for the recording of a deed where the contract for the purchase of the real estate had been recorded and the tax paid. However, if the deed states a consideration greater than that set forth in the contract an additional tax should be charged based on the difference.
Attorney General's Opinion