My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Posted in Land For Sale
Tagged 503c, C. Do, CHURCH, corporation, county real estate, Estate, Michigan, non, parcel, parcel of land, profit, profit corporation, split, State, state of michigan, tax, transfer, vacant parcel
My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Posted in Land For Sale
Tagged 503c, C. Do, CHURCH, corporation, county real estate, Estate, Michigan, non, parcel, parcel of land, profit, profit corporation, split, State, state of michigan, tax, transfer, vacant parcel
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Any ideas? Brokers are welcome to respond.