
Selling or transferring real estate in California often comes with hidden costs. One of the most overlooked is the Documentary Transfer Tax (DTT) – a fee that can surprise even experienced property owners. However, many transfers qualify for exemptions that reduce or eliminate this tax entirely.
If you’re unfamiliar with how these exemptions work, you could end up paying thousands of dollars unnecessarily. The difference often comes down to legal knowledge and attention to detail. A qualified real estate attorney can help you take full advantage of every available exemption and avoid costly errors.
What Is the Documentary Transfer Tax?
The Documentary Transfer Tax is a one-time tax assessed on the transfer of real property in California. It is governed by California Revenue & Taxation Code §11911 and is typically …
Posted In: