# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 13 — Recordation Tax

### Chapter 02 — Transfers of Controlling Interests

#### Regulation .03 Valuation of Controlling Interests.

*COMAR 18.13.02.03*

The valuation of a controlling interest:

A. Is not determined solely by the number of shares or other units of ownership interest and the par value or other value assigned to those interests by a real property entity; and

B. Will consider the value of the rights and benefits associated with the majority ownership of the controlling interest being transferred as reflected in the transactional documents and any other evidence considered relevant by the Department.