The following item has been recently posted to our Web site.
Advisory Opinions/Miscellaneous Tax:
TSB-A-14(2)R, Whether the conveyance of the Petitioner’s New York apartment to the trust, in exchange for cash the Petitioner previously conveyed to the trust when it was created, equal to the value of the apartment, is exempt from the New York State real estate transfer tax (RETT).
To view the entire document click on the link below:
http://www.tax.ny.gov/pdf/advisory_opinions/real_estate/a14_2r.pdf
