Re: Purchase by a Non-profit corporation

Got to get to a dinner meeting, but quickly there is no transfer tax
exemption for transfer of real estate to a charity.

Marvin J. Rudnitsky, J.D.

Rudnitsky & Hackman, LLP

The Courtyard Offices

1372 N. Susquehanna Trail, Suite 130

Selinsgrove, PA 17870

(570) 743-2333 phone

(570) 743-2347 fax

(888) 505-6115 toll-free

rudnitsky_at_rudnitskyhackman.com

www.rudnitskyhackman.com

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________________________________

From: realproperty-bounce_at_list.pabar.org
[mailto:realproperty-bounce_at_list.pabar.org] On Behalf Of Craig Fox
Sent: Friday, November 10, 2006 4:51 PM
To: realproperty_at_list.pabar.org
Subject: [realproperty] Purchase by a Non-profit corporation

Any exemption for transfer tax imposed when a non profit corporation
purchases a property?

Also, how do you deal with the property taxes (exemption) both at
closing (prorations) and after closing (so they do not have to pay
them)?

Thanks for any input.

Craig H. Fox
Fox and Fox Attorneys at Law
706 One Montgomery Plaza
Airy and Swede Streets
Norristown, PA 19401
610-275-7990 Phone
610-275-2866 Fax
cfox_at_foxandfoxlaw.com
www.foxandfoxlaw.com

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Received on Fri Nov 10 2006 - 14:42:21 PST