Certificate Of Conveyance

CERTIFICATE OF CONVEYANCE. This form is used in Maryland when transferring real property (land or buildings) as part of a merger or consolidation involving business entities. This form ensures that the transfer is properly recorded and determines whether state and county transfer and recordation taxes apply. The form requires details such as the location of the land, the parties involved in the transfer (transferor and transferee), and the deed reference for the affected property. It also verifies whether the transfer is subject to agricultural transfer tax and includes multiple sections assessing potential exemptions from state and county taxes based on the nature of the business transaction. Certain transactions—such as those between a parent company and its wholly owned subsidiary or those qualifying under § 368(a) of the Internal Revenue Code (business reorganizations)—may be exempt from state and county transfer and recordation taxes. If the transfer does not meet exemption criteria, taxes are assessed based on the property’s determined value at the date of finality before the transaction. The form requires confirmation that all public and personal property taxes have been paid before the transfer is processed. The document must be signed by an authorized officer, agent, or attorney of one of the parties involved. Once completed, it is submitted to the Maryland State Department of Assessments and Taxation (SDAT) for approval and tax processing. www.FormsWorkflow.com