Tax Type
Recordation Tax
Description
Realty Transfer Tax; Consideration for Transfer
Topic
Documents Subject to Tax
Date Issued
02-27-1974
The document recording tax applies to a deed by which a life tenant with a general power of appointment exercises his power.
The document recording tax applies to a deed by which a life tenant with a general power of appointment exercises his power.
The realty transfer tax applies to a transfer made by a life tenant with a general power of appointment provided the transfer is made for consideration. A provision of the deed reciting that consideration is given for the transfer creates a presumption that the transfer is taxable.
Attorney General's Opinion