Date: Tue, 25 Sep 2007 20:02:47 -0400
From: “Michael D. Resnik”
Subject: Land transfer tax questions–thank you
Several people sent me private emails in response to my questions.
Everyone was helpful and polite. Thank you, all of you.
Here is an answer to one question that I am pretty sure is correct:
Timber deeds will be taxed when they are recorded, since they are sales.
Selling timber without a deed would avoid alerting the County about the sale, but it might raise issues as to whether the sale should be taxed as a capital gain or as ordinary income.
