Section 13-203 – Rate of Tax; Exemption From Tax
(a) (1) Except as provided in subsections (a–1) and (b) of this section, the rate of the transfer tax is 0.5% of the consideration payable for the instrument of writing. (2) The consideration: (i) includes the amount of any mortgage or deed of trust assumed by the grantee; and (ii) subject to item (i) of this paragraph, includes only the […]
Section 13-204 – Evidence of Consideration
The consideration payable shall be described in: (1) the recitals or the acknowledgment of the instrument of writing; or (2) a statement under oath that accompanies the instrument of writing and that is signed by a party to the instrument or by an agent of a party.
Section 13-205 – Calculation of Tax
(a) If a lease of real property creating a perpetually renewable ground rent is recorded without a transfer of the reversionary estate for full consideration other than the ground rent being recorded at the same time, the transfer tax applies to the redemption sum as determined under § 8–804 of the Real Property Article plus any […]
Section 13-206 – Tax on Corporate, Limited Liability Company, and Partnership Transfers
Except as provided in § 13-207(a)(9), (10), (15), and (16) of this subtitle, the transfer tax applies to conveyances that transfer the real property of a corporation to its stockholders, the real property of a limited liability company to its members, or the real property of a partnership to its partners.
Section 13-207 – Exemptions From Transfer Tax
(a) An instrument of writing is not subject to transfer tax to the same extent that it is not subject to recordation tax under: (1) § 12–108(a) of this article (Transfer to government or public agency); (2) § 12–108(c) of this article (Transfer between relatives and domestic partners); (3) § 12–108(d) of this article (Transfer between spouses and domestic […]
Section 13-102 – Responsibility for Payment of Tax
By agreement, a transfer tax under this title may be paid by any person.
Section 13-103 – Tax on Consideration Payable for Transfer of Controlling Interest in Real Property Entity
(a) In this section, “controlling interest”, “real property”, and “real property entity” have the meanings stated in § 12–117 of this article. (b) (1) The taxes under this title are imposed on the transfer of a controlling interest in a real property entity as if the real property, directly or beneficially owned by the real property entity, was […]
Section 13-201 – “Transfer Tax” Defined
In this subtitle, “transfer tax” means the tax imposed under this subtitle.