Understanding Real Estate Property Related Taxes in Escrow
UNDERSTANDING REAL ESTATE PROPERTY RELATED TAXES IN ESCROW (CALIFORNIA) There are innumerable instances of tax matters that ought to be contemplated upon in the course of a real estate transaction. Chicago Title merely offers the following data as a guide and strongly encourages both the seller and buyer to ask for advice from their respective legal and tax counsels. The subjects we will cover briefly that could be connected to, or a result of, your escrow are as follows: • Capital Gains Tax • Change of Ownership Filing • City & County Transfer Tax •