Quitclaim Deed Tax Exemptions

Summary

In Maryland, property transfers via quitclaim deed may still incur transfer and recordation taxes, even with no consideration. Exemptions might apply for transfers between immediate family members, such as to the mother of your children, even if not married. Including no consideration and specifying the transfer as a gift on the form can help clarify the nature of the transfer. Consult with a local attorney or the Charles County Recorder of Deeds for guidance on exemptions and tax calculations.

Full Conversation

does mother of children work? not married
It looks like you're dealing with a quitclaim deed transfer in Charles County, MD, and are seeking tax exemptions. Since the transfer is to the mother of your children and you're not married, this might fall under an immediate family member exemption.
Could you clarify if the mother of your children is listed as an immediate family member on the deed?
not listed on feed. If listed than why need a quitclaim?
In Maryland, the transfer might still be subject to taxes even with a quitclaim deed. A quitclaim deed is needed to officially transfer ownership.
Would you like more information on how to proceed with this process or on possible exemptions?
should i include on the form no consideration, gift to mother of children
Case Rating: *
Yes, you should include "no consideration" and specify that it is a gift to the mother of your children on the form. This can help clarify the nature of the transfer and might support your case for any applicable exemptions.
Would you like more information on how to complete the form or on possible tax exemptions under Maryland law?
what does- the amount of tax incurred by this conveyance
In this context, "the amount of tax incurred by this conveyance" refers to the transfer and recordation taxes that may be required when transferring property via a quitclaim deed, even if no money is exchanged. Would you like more details on how these taxes are calculated in Maryland?