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AGO Opinions with Topic: ASSIGNMENT OF PURCHASER'S INTEREST IN CONTRACT TO CONVEY
AGO 1951 No. 99 >  August 3, 1951
TAXATION - REAL ESTATE SALES TAX - ASSIGNMENT OF PURCHASER'S INTEREST IN CONTRACT TO CONVEY - "SELLING PRICE"
TAXATION ‑- REAL ESTATE SALES TAX ‑- ASSIGNMENT OF PURCHASER'S INTEREST IN CONTRACT TO CONVEY ‑- 'SELLING PRICE' Where a purchaser under a contract to purchase real property assigns his interest in said contract to another who assumes the original contractual obligation for payment of the unpaid balance, the measure of the Real Estate Sales Tax is the sum of the consideration paid or contracted to be paid to the assignee for said assignment plus the unpaid principal balance due on.
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