Realty Transfer Tax on Remainders (Corrected)

It was previously reported, in “Realty Transfer Tax on Remainders,” that the Department of Revenue had published a new table of life estate and remainder factors based on an interest rate of 2.6%, to be effective July 1, 2022. The factors were actually based on an interest rate of 1.4%, but the original publication erroneously referred to “Table S(2.6).” The Department has republished the factors with a corrected reference to “Table S.” See “Life Estate and Remainder Factors; Pennsylvania Realty Transfer Tax (Revised),” 52 Pa.B. 5877 (7/10/2022), effective July 1, 2022, correcting 52 Pa.B. 3382 (6/11/2022).

Print Friendly, PDF & Email

Comments are closed.