Posted on: 31st Aug, 2010 10:21 am
I am standing in property title. The house is free and clear. Now I would like to transfer the title to my sister. Then, I fill the "Warrenty deed" and "Grand deed". I let the notary public to notary. After that, I mail those document to county for recording. My question is " if I fill the option "family transfer". do I have responbility for taxes?
County = harris (Houston)
Thanks
County = harris (Houston)
Thanks
Welcome Guest,
As far as I know, a family transfer is exempt from use tax with the exception of a transfer between siblings who are not minors. It would be better if you could get in touch with a tax adviser and take his opinion in this matter.
As far as I know, a family transfer is exempt from use tax with the exception of a transfer between siblings who are not minors. It would be better if you could get in touch with a tax adviser and take his opinion in this matter.