Legal Question in Real Estate Law in Maryland

Re: capital gain taxes

The transfer would be subject to gift tax payable by the donee (that's her), but in all likelihood her lifetime gift and inheritance tax exemption would cover it. However there would be transfer and recordation taxes imposed. You would have to check with your county to see what their transfer and recordation tax is. Presumably she's never owned property in MD, so you would pay a .25% state transfer tax. These taxes would be imposed on the assessed value of the property.

To accomplish this transfer, you would execute a deed to the property. You should contact an experienced real estate attorney to make sure the deed is prepared properly to effectively accomplish what you want to do.