The exemption applies where certain circumstances terminate an agreement between the parties and there is no resale contract. When an agreement is terminated for the purpose of a subsequent agreement, the original agreement is not taxable if it has not been cancelled or cancelled for under-realization. To determine whether an agreement is an under-reporting, the Senior Commissioner examines the intent of the original purchaser and whether he or she obtains an advantage by terminating the original agreement. Benefits may include a sum of money from the replacement buyer to the original buyer or any other intangible benefit. By law, the State Revenue Commissioner must reassess the additional transfer tax payment paid under the Mandatory Property Act, which is not liable for the transfer obligation if an application is made within six months of the cancellation of the contract. Since the parties acted at all times under its rights and obligations under the first agreement to sell the property, the first agreement was respected and was not terminated. The transfer tax will be paid on the first and second agreement.8 In a land sale contract, this refers to the original seller, the original buyer and a replacement buyer. As a general rule, the terms of the agreement are the same and the only change is the replacement of the buyer, or a supplement from another buyer. A cancelled contract is not considered to be liable for the deferral and a refund of the taxes paid can be obtained if one of the following conditions is met: In the event of cancellation of new transaction valuations, you must specify: P enters into an agreement (the first) with V for the purchase of property V. Before the count, P wishes to modify the purchaser of the property in the inclusion of his spouse, Q. P and V agree to terminate the first contract, and another (the second) is concluded between V as a seller and P and Q as a buyer to replace the first contract.
The terms of the first and second agreements are also the same. By law, a transfer obligation is not imposed on a mandatory ownership agreement that is terminated for the following reasons: the assignment of a decision to terminate a compulsory property contract requires careful documentation.