Selling an auto dealership in New Jersey just got more expensive — and more complicated.
As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more
7/10/2025
/ Car Dealerships ,
Closing Costs ,
Commercial Real Estate Market ,
New Jersey ,
New Legislation ,
Property Tax ,
Purchase Agreement ,
Real Estate Market ,
Real Estate Transactions ,
Sellers ,
State Taxes ,
Tax Liability ,
Tax Rates ,
Tax Reform
The term “Highest and Best” deal has been well-known in the bankruptcy field for many years. In a bankruptcy auction of a business or real property, the judges, trustees and creditors recognize that the better deal is not...more