Finance
New Hampshire does not have a general state sales tax or state income tax. How does this affect real estate transactions?
AReal estate transfers are always tax-free in New Hampshire
BNew Hampshire relies on a real estate transfer tax collected at closing✓ Correct
COnly federal taxes apply to all real estate transactions
DBuyers pay no closing costs in New Hampshire
Explanation
Despite lacking a broad-based income or sales tax, New Hampshire does impose a real estate transfer tax (RETT), which is collected at closing and typically split between buyer and seller.
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