Have you amended your pleadings to bring a cause a action for an alleged violation of the Rule 11 Agreement? How do you respond to the case law that holds that amending your pleadings is required prior to filing a motion to enforce the Rule 11 Agreement?
Typically, transfer taxes are payable by the seller. However, if the seller does not pay or is exempt from the tax, the buyer often becomes liable. New York State. The New York State Real Estate Transfer Tax (RETT) is imposed on real property conveyances at a rate of $2 per $500 of consideration. For certain qualified transfers to Real Estate Investment Trusts (REITs) the tax is reduced to $1 per $500 of consideration.
The combined rates vary in each county and in cities that impose sales tax. Local taxing jurisdictions. New York's retail sales tax is a destination tax. The point of delivery or the point at which possession is transferred by the seller to the purchaser determines the rate of tax to be collected. Sales delivered outside New York State are exempt from tax.