Nev. Admin. Code § 375.160 — 375.160

NAC 375.160    Examples of taxable transactions. ( NRS 360.090 , 375.015 , 375.030 )    The
following are examples of transfers or conveyances subject to any tax imposed
by chapter 375 of NRS:
1.  A conveyance of realty in exchange for
other property and the conveyance of the other property, if it is realty.
2.  A conveyance of realty in consideration
of life maintenance. The tax is computed on the net value of the realty
conveyed.
3.  Deeds given by persons such as masters in
chancery, sheriffs and clerks of court for realty sold under foreclosure or
execution. The tax is computed on the amount bid for the property plus the
costs if paid by the purchaser, whether the purchaser is the mortgagee,
judgment creditor or any other person.
4.  A conveyance of realty by a judgment or
decree in a condemnation proceeding under the power of eminent domain or a
conveyance of property under threat of imminence of the proceeding.
5.  Conveyances to or by building and loan
associations except that the tax does not apply to a conveyance of realty to a
building and loan association for the purpose of securing a loan thereon, nor
to the reconveyance of the realty to its owner as part of the loan transaction.
6.  A conveyance of realty to a corporation
in exchange for shares of its capital stock.
7.  A conveyance of realty by a corporation
in liquidation or in dissolution to its shareholders subject to the debts of
the corporation except that if there are no corporate debts and the conveyance
is made solely for the cancellation and retirement of the capital stock, the
tax does not apply.
8.  Deeds to standing timber, patented mines
and water rights.
9.  A transfer by which a contract for deed
is recorded which sets forth the purchase price, legal description, the buyer
and the seller and which provides that the buyer has received custody of the
real property and a deed will be delivered to the buyer when he fulfills his
contractual obligations. If only a memorandum of such a contract is recorded,
the transfer is also taxable.
[Tax Comm’n, Real Property Transfer Tax Ruling No. 3,
eff. 1-1-68; A 9-28-68; 8-23-69]—(A by R181-01, 5-13-2002; A by Dep’t of
Taxation by R224-03, 4-30-2004)