Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 30 - Documentary Stamps
Section 710:30-1-4 - Documentary stamp tax based on consideration; interest; property
Universal Citation: OK Admin Code 710:30-1-4
Current through Vol. 42, No. 1, September 16, 2024
For purposes of computing the amount received in a transaction subject to the documentary stamp tax imposed by statute no distinction is to be made between cash or security received by the seller.
(1) Measurement. The tax shall be measured by:
(A) The
consideration;
(B) The value of the
interest conveyed; or
(C) The value
of the property conveyed.
(2) Basis. In each instance the basis for computing the tax shall be:
(A) The
down payment; plus
(B) The amount
of new and assumed mortgages; plus
(C) Any other valuable benefits received by
the seller.
(3) Personal property. Any personal property transferred shall have its value deducted from the gross value transferred prior to computing the tax.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
