61 Pa. Code § 91.162

Current through Register Vol. 54, No. 23, June 8, 2024

Section 91.162 - Turnkey projects

A transfer of real estate to a developer or contractor who is required by contract to reconvey the real estate to the grantor after making contracted-for improvements to the real estate is not taxable if no beneficial interest in the real estate is transferred to the developer or contractor. The reconveyance to the grantor is also not taxable.

61 Pa. Code § 91.162

The provisions of this § 91.162 adopted September 9, 1988, effective 9/10/1988, 18 Pa.B. 4096; amended December 14, 2007, effective 12/15/2007, 37 Pa.B. 6516.

The provisions of this § 91.162 issued under section 1107-C of the Tax Reform Code of 1971 (72 P. S. § 8107-C).