Commercial Real Estate
People typically use the phrases land, real estate, and real property interchangeably, but there are some delicate distinctions. “Father-son team scores huge at residence; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant drive in the area’s residential real estate business, and reveals no indicators of slowing down or promoting out”. A controlling interest transfer happens when there is a 50% or more change of ownership in an entity. If that entity owns real property in Washington, a controlling curiosity transfer return is required to be accomplished inside 5 days of the finished transfer. Penalties and interest will apply if the return just isn’t postmarked inside 30 days of the completed switch. REET is due and payable to the county treasurer in which the property is located on the date of sale, regardless of the date of recording except in a controlling interest transfer.…
