Source: https://development.code.dccouncil.us/dc/council/code/titles/47/chapters/14/subchapters/I/
Timestamp: 2019-04-21 18:32:19+00:00

Document:
D.C. Law Library - Subchapter I. Definitions.
↪ Chapter 14. Taxation of Recordation and Transfers of Real Property.
Chapter 14. Taxation of Recordation and Transfers of Real Property.
Subchapter II. Residential Real Property Transfer Excise Tax.
(1) The term “basis” shall have the same meaning as does that term when determining gain or loss under Subtitle A, Chapter 1, subchapter O, part II of the Internal Revenue Code (§ 1 et seq. of Title 26, United States Code).
(2) The term “Charter” means title IV of the District of Columbia Home Rule Act [subchapter IV of Chapter 2 of Title 1].
(3) The term “Commission” means the Real Estate Commission of the District of Columbia as established in § 42-1739.
(4) The term “consideration” means the amount paid or required to be paid, or the value exchanged or required to be exchanged, by a transferee to acquire real property.
(5) The term “Council” means the Council of the District of Columbia established under § 1-204.01.
(M) Transfers by a transferor whose holding period (as defined by this subchapter) for the property being transferred was longer than 36 months.
(7) The term “deed recordation tax” means the tax imposed by § 42-1103.
(8) The term “deficiency” shall have the same meaning given to that term by § 47-1801.04(15).
(9) The term “effective date” means the date on which this chapter takes effect according to the provisions of § 1-206.02(c)(1).
(10) The term “equitable title” means a right in a party to have the legal title to a real property (or real property, solely for purposes of subchapter III of this chapter) transferred to such party. The term shall also include any right to receive equitable title by means of an option to purchase or otherwise.
(11) The term “gain” means the excess of the consideration received by a transferor over the transferor’s basis for the property (as defined by this subchapter) transferred.
(12) The term “fair market value” means the price at which a willing seller and a willing buyer will trade or the price which would in all probability have been arrived at between a willing seller and a willing buyer.
(13) The term “holding period” shall have the same meaning as does that term for purposes of § 1223 of the Internal Revenue Code (§ 1223 of Title 26, United States Code).
(14) The term “Internal Revenue Code” means the Internal Revenue Code of 1954 (§ 1 et seq. of Title 26, United States Code) and any amendments thereto.
(15) The term “legal holiday” means any District of Columbia public holiday, including Saturday and Sunday, as designated by § 28-2701.
(16) The term “legal title” means complete and perfect title to real property (or real property, solely for purposes of subchapter III of this chapter) in the party to whom such title belongs so far as regards the apparent right of ownership and possession of the real property (or real property, solely for purposes of subchapter III of this chapter) but which carries no beneficial interest in the property, another person being equitably entitled thereto.
(17) The term “major appliances” shall include the following appliances if a transferor transfers such appliances when transferring real property: Refrigerator, cooking range, oven, dishwasher, garbage disposal, trash compactor, and washer and dryer.
(18) The term “Mayor” means the Mayor of the District of Columbia established under § 1-204.21.
(19) The term “person” means any individual, firm, partnership, copartnership, joint venture, association, corporation (domestic or foreign), trust, trustee of any estate, or court-appointed receiver.
(20) The term “principal residence” shall have the same meaning as does that term for purposes of § 1034 of the Internal Revenue Code (§ 1034 [repealed] of Title 26, United States Code); except, that in determining whether a real property is the principal residence of a transferor, in addition to consideration of all the facts and circumstances as provided by § 1034 of the Internal Revenue Code (§ 1034 [repealed] of Title 26, United States Code), the property must have been the principal residence of the transferor for the 180-day period immediately preceding the transfer.
(21) The term “real covenant” means an agreement between 2 or more persons relating to a property, the terms of which shall be binding on any heir or assign of the promisor under the agreement and which shall be enforceable by the person holding legal title to said property.
(22) The term “real property” means improved as well as unimproved land in the District of Columbia.
(23) The term “residential real property” means improved real property in the District of Columbia which at any time during the 12 months immediately preceding its transfer contained not more than 4 dwelling units. The term “dwelling unit” shall have the same meaning as given to that term in the Zoning Regulations of the District of Columbia (11 DCMR § 199).
(24) The term “solicitation” means any act which would cause a person to come within the definition of solicitor of real property.
(25) The term “solicitor of real property” means a person who, without prior invitation from the holder of legal title to a real property, offers to purchase or expresses a desire to purchase such property, or in any other way attempts to persuade or induce such holder to sell or otherwise transfer such title.
(26) The term “tax,” “excise” or “excise tax” means the tax imposed by this chapter.
(27) The term “3rd party” means all persons who are not parties to a contract, agreement, or instrument of writing by which their interest in the thing conveyed is sought to be effected.
(28) The term “transfer” means a transaction by which real property (or real property, solely for purposes of subchapter III of this chapter), or any title or right to receive any title thereto, or any portion thereof, or any interest therein (except a proprietary lease and a rental lease, unless such rental lease includes an option or right to buy) is either directly or indirectly conveyed, vested, granted, devised, bargained, sold, exchanged or assigned by any document, instrument, writing, agreement, or by any means whatsoever.
(29) The term “transferee” means the person (or persons) to whom a transfer of real property (or real property, solely for purposes of subchapter III of this chapter [§ 47-1431 et seq.]) is made.
(30) The term “transferor” means the person (or persons) who makes a transfer of real property (or real property, solely for purposes of subchapter III of this chapter [§ 47-1431 et seq.]).
(31) The term “vacant” means not occupied by the person having legal title or other title to the property and without other lawful occupants.
D.C. Law 13-305, in pars. (4), (6), (10), (16), (17), (20), (24), (28), (29), and (30), deleted “residential” preceding “real property”; and, in par. (23), deleted “or ‘property’ ” following “ ‘residential real property’ ”.
Deed recordation tax, execution of the deed, see § 42-1103.
For temporary (90 day) amendment of section, see § 5(e) of Real Property Tax Clarity and Litter Control Administration Emergency Act of 2001 (D.C. Act 14-22, March 16, 2001, 48 DCR 2706).
For temporary (225 day) amendment of section, see § 5(f) of Real Property Tax Clarity and Litter Control Administration Temporary Amendment Act of 2001 (D.C. Law 14-8, June 13, 2001, law notification 48 DCR 5916).

References: § 42
 § 1
 § 42
 § 47
 § 1
 § 1223
 § 28
 § 1
 § 1034
 § 1034
 § 199
 § 42
 § 5
 § 5