61 Pa. Code § 91.168. Sale and leaseback transactions.

§ 91.168. Sale and leaseback transactions.

If title to real estate is conveyed on the condition that the real estate be leased back to the grantor the document of conveyance is taxable and the lease is taxable if it is for a term of 30 years or more, unless the conveyance and lease are executed together as part of an excluded financing transaction under §  91.193(b)(23) (relating to excluded transactions).

Authority

   The provisions of this §  91.168 issued under section 1107-C of the Tax Reform Code of 1971 (72 P. S. §  8107-C).

Source

   The provisions of this §  91.168 adopted September 9, 1988, effective September 10, 1988, 18 Pa.B. 4096; amended December 14, 2007, effective December 15, 2007, 37 Pa.B. 6516. Immediately preceding text appears at serial page (233374).

Cross References

   This section cited in 1 Pa. Code §  91.193 (relating to excluded transactions).

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