Retail Service Station Transfer Tax Repealed in DC

Real Estate Law Update

Once again, gas station owners are on equal footing with all other holders of Washington, DC real estate. The "Fiscal Year 2016 Budget Support Act of 2015," which became effective on October 1, eliminated a special transfer tax of 5% (in addition to the standard 1.45% transfer tax assessed) on the sale of all gas stations.

The tax, imposed on June 1, 2009, significantly increased the transactional costs of gas station owners and prospective purchasers regarding the purchase and sale of gas stations in DC and adversely affected many small business owners. The industry had fought for years before finally convincing the DC Council to repeal the tax.

Alison Rind is a commercial lending attorney at Lerch, Early & Brewer who represents commercial lenders in loan transactions and other commercial matters, including participants in SBA and other government guaranteed lending programs. For more information about the effect of DC repealing the transfer tax, contact Alison at or (301) 657-0750.

This content is for your information only and is not intended to constitute legal advice. Please consult your attorney before acting on any information contained here.


Email Confirmation

Thank you for your interest in Lerch, Early & Brewer. Please be aware that unsolicited e-mails and information sent to Lerch Early though our web site will not be considered confidential, may not receive a response, and do not create an attorney-client relationship with Lerch Early Brewer. If you are not already a client of Lerch Early, do not include anything confidential or secret in this e-mail. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not authorized to do so.

By clicking "OK" you acknowledge that, unless you are a current client, Lerch Early does not have any obligation to maintain the confidentiality of any information you send us.