Flip Tax (Co-op Transfer Fee)
A "flip tax" is a commonly used NYC term for a co-op transfer fee payable on certain share transfers, structured according to co-op governing documents and policies. It is not a statutory "tax" but a building-level fee mechanism disclosed in co-op documents and often surfaced in closing statements.
- Where it applies
- New York City
- When it comes up
- Closing cost computation
- Property types
- Co-ops
In practice
Operators typically treat "flip tax" as a co-op policy variable requiring verification from building questionnaires and governing documents because definitions and triggers vary by building.
Read more in the Knowledge Base
- Flip Tax Structures in Co-opsSellers
- Closing Cost Optimization: Transfer and Flip TaxesSellers
- HDFC Co-op Underwriting, Income Caps, Flip Taxes, and Resale ConstraintsBuyers
- Selling an HDFC Co-op in NYC: Building-Specific Rules FirstSellers
- Selling Co-op Shares vs. Condo Units - Verified Tax and Process DifferencesSellers
Related terms
Transfer feeboard feesmove-in fee (concept)closing statement.
Co-op Governance
- Co-op Board (Board of Directors)
- Cooperative Corporation (Co-op)
- Maintenance (Co-op)
- Offering Plan (Co-op/Condo Sponsor Sales)
- Proprietary Lease
- Real Estate Finance Oversight
- Resale (Co-op/Condo)
- Shares (Co-op)
- Sponsor (Co-op/Condo)
General information, not legal, tax or financial advice.