i buy-out co-owner, does he pay tranbsfer tax?

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If i buy out my co-owner by quitclaim, does he have to pay transfer taxes? then who will pay the stamp duty or doc stamp?

2007-09-11 23:44:27 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

However, everything is negotiable.

2007-09-12 06:43:13 · answer #1 · answered by r_kav 4 · 0⤊ 0⤋

In virtually all cases the buyer pays those taxes, so you will be stuck with them.

2007-09-12 02:29:45 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋