The Battle Against Private Transfer Taxes on Real Estate in South Carolina

June 14, 2010 Posted by Mark Brian

Anderson, SC - June 14, 2010 - (RealEstateRama) — Private transfer taxes are a new and troubling development in real property law. Private transfer taxes allow for private parties to impose real estate transfer taxes or fees on the sale of real property. Private transfer taxes are similar to the real estate transfer tax, except that it is a private party that collects the fee upon every single sale of a particular home, rather than a governmental entity