{"id":10772,"date":"2024-07-06T21:29:27","date_gmt":"2024-07-07T01:29:27","guid":{"rendered":"https:\/\/resources.evans-legal.com\/?p=10772"},"modified":"2024-07-08T09:58:36","modified_gmt":"2024-07-08T13:58:36","slug":"no-transfer-tax-on-distribution-of-real-estate-company-by-living-trust","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=10772","title":{"rendered":"No Transfer Tax on Distribution of Real Estate Company by Living Trust"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Because real estate transfer tax exemptions or exclusions that apply to transfers of real property also apply to acquisitions of interests in real estate companies, a distribution of an interest in a limited liability partnership by an living trust to a new trust as beneficiary after the death of the settlor of the living trust was not subject to realty transfer tax. <em>430 Stump Road, LLP, v. Com.<\/em>, <a href=\"https:\/\/www.pacourts.us\/assets\/opinions\/Commonwealth\/out\/502FR22_7-3-24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">502 F.R. 2022<\/a> (Pa. Cmwlth. 7\/3\/2024).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because real estate transfer tax exemptions or exclusions that apply to transfers of real property also apply to acquisitions of interests in real estate companies, a distribution of an interest in a limited liability partnership by an living trust to &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=10772\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[34],"tags":[821,331],"class_list":["post-10772","post","type-post","status-publish","format-standard","hentry","category-opinions","tag-living-trust","tag-realty-transfer-tax","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10772"}],"version-history":[{"count":5,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10772\/revisions"}],"predecessor-version":[{"id":10777,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/10772\/revisions\/10777"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}