Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter375 Taxes on Transfers of Real Property |
NAC375.063. “Fractional interest” defined.
Latest version.
- “Fractional interest” means an interest in a portion of real property. A person who holds a fractional interest in real property has no rights in another owner’s fractional interest in that property.
(Added to NAC by Tax Comm’n by R181-01, eff. 5-13-2002)