Flip Tax Paid By Buyer
Started by ximon
about 7 years ago
Posts: 1196
Member since: Aug 2012
Discussion about
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A number of coop buildings in Manhattan require that any flip tax be paid by the buyer. What is the reason for this? Does it really matter who pays as the cost would simply be adjusted in a lower purchase price? If so, why would a coop want to have lower sale prices recorded for their units?