Code of Maryland Regulations
Title 18 - DEPARTMENT OF ASSESSMENTS AND TAXATION
Subtitle 13 - RECORDATION AND TRANSFER TAXES
Chapter 18.13.02 - Transfers of Controlling Interests
Section 18.13.02.03 - Valuation of Controlling Interests
Universal Citation: MD Code Reg 18.13.02.03
Current through Register Vol. 51, No. 6, March 22, 2024
The valuation of a controlling interest:
A. Is not determined solely by the number of shares or other units of ownership interest and the par value or other value assigned to those interests by a real property entity; and
B. Will consider the value of the rights and benefits associated with the majority ownership of the controlling interest being transferred as reflected in the transactional documents and any other evidence considered relevant by the Department.
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