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Chapter 4F Exchange Related Conveyance Documents CHAPTER 4F EXCHANGE RELATED CONVEYANCE DOCUMENTS TABLE OF CONTENTS I. Background Information: A. B. C. D. II. Preparing Conveyance Documents Connected.

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The basis for the conveyance tax for these leases and subleases is the annual rent to be paid over the life of the lease or sublease discounted to present value and capitalized at the rate of 6% plus any other actual and full consideration paid for the lease or sublease, including improvements.

The person responsible for the tax is generally the transferor, grantor, lessor, sublessor, conveyor, or other person conveying the real property interest (HRS §247-3). The ® standard purchase contract directs escrow to charge the conveyance tax to the seller.

On actual and full consideration paid for the transfer of realty, including leases and subleases, a tax is imposed. The tax ranges from 10¢ per $100 for conveyances under $600,000 to $1.00 per $100 for conveyances in excess of $10 million.

A transfer from a grantor to a grantor's own revocable living trust, or from a grantor's revocable living trust to the grantor who is the primary beneficiary of the trust, is exempt from conveyance taxes.

How Is the Conveyance Tax Determined? One dollar and twenty-five cents ($1.25) per $100 of the actual and full consideration for properties with a value of $10,000,000 or greater . The conveyance tax imposed for each transaction shall be not less than one dollar ($1.00).

Under this bill, properties with a value of less than $2 million dollars would be subject to a conveyance tax of 55 cents per $100, up from a range of 15 to 40 cents under current law. The conveyance tax on properties valued at $2 to $4 million would go from 60 cents to $2 per $100.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232