The Delaware Division of Revenue’s Transfer Tax form (RTT-TAX) is in error because it does not consider the part of the law that deals with arms-length transactions, even though they comprise most real estate conveyances.
Please review the memo from Wes Stefanick, CEO of the Delaware Association of REALTORS, which forwards the work of Andy Taylor, Esq., the attorney to the Delaware Association of REALTORS, for more details.