Wis. Admin. Code § Tax 15.03 — Imposition of real estate transfer fee

A real estate transfer fee is imposed on the grantor of real estate on every conveyance not exempted under s. 77.25 , Stats. Real estate conveyances which are taxable under s. 77.22 , Stats., include:

Tax 15.03(1) (1) Corporation conveyances:

Tax 15.03(1)(a) (a) From a corporation to a partnership, and from a partnership to a corporation.

Tax 15.03(1)(b) (b) From an individual to a corporation, and from a corporation to an individual.

Tax 15.03(1)(c) (c) From a corporation to its stockholders pursuant to a plan of liquidation.

Tax 15.03(1)(d) (d) From one corporation to another, both of which have the same parent corporation, that is, conveyances between “sister” corporations.

Tax 15.03(1)(e) (e) From a corporation to another caused by a “spin-off.” A spin-off occurs when, after a part of the assets of corporation ‘A’ is transferred to corporation ‘B’ controlled by the transferor ‘A,’ stock or securities in the latter ‘B’ are distributed to the shareholders of the controlling corporation ‘A,’ without a surrender by corporation ‘B’s’ shareholders of any of their stock or securities.

Tax 15.03(1)(f) (f) From a corporation to another caused by a “split-up.” In a split-up the distributing corporation ‘A’ transfers its assets to 2 or more newly created corporations in exchange for their stock and effects a complete liquidation, ‘A’s’ shareholders receiving stock in the new corporations in exchange for the distributing corporation’s stock.

Tax 15.03(1)(g) (g) From one corporation to another pursuant to any bankruptcy provision.

Tax 15.03(1)(h) (h) From a parent corporation to a subsidiary corporation in exchange for stock.

Tax 15.03(2) (2) Conveyances by means of a sheriff’s sale where the grantee is a third party with no prior interest in the deed or mortgage.

Tax 15.03(3) (3) Conveyances of real property between stepchildren, natural children or stepparent and stepchild.

Tax 15.03(4) (4) Conveyances by dissolution of a partnership.

Tax 15.03(5) (5) Conveyances between an individual and a tax-exempt organization.

Tax 15.03(6) (6) Conveyances of timber or mineral rights.

Tax 15.03(7) (7) Court ordered conveyances by a county to satisfy an old age assistance lien.

Tax 15.03(8) (8) Conveyances of a remainder interest in real property.

Tax 15.03(9) (9) Conveyances of real property from a trustor to a trustee.

Tax 15.03(10) (10) Bankruptcy court ordered conveyances.