Q: Does RI impose a RE coveyance tax if the real property is transferring the controlling interest only?
A: Effective July 1, 2015, Rhode Island now imposes a realty conveyance tax on the transfer of controlling interests in a “real estate company,” in addition to any other state taxes. Please see an article that I just co-authored on the topic: https://www.linkedin.com/pulse/new-ri-real-estate-conveyance-tax-what-you-need-know-now-marc-lewin?trk=hp-feed-article-title-publish
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