NAC375.030. “Consideration” defined.

Latest version.

“Consideration” means that which is regarded as the equivalent or return given or suffered by one for the act or promise of another. It means the price paid for the real property transferred. The consideration can be in the form of money, or in the form of other things of value, or a combination of both.

[Tax Comm’n, Real Property Transfer Tax Ruling part No. 1, eff. 1-1-68]

                    
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