[WSBAPT] New Excise Tax rules

[Mike Winslow]

Some of you may have seen that the legislature was tinkering with a
graduated excise tax rate on real estate sales.
What they did not tell us is about the new DOR powers to re-characterize
transaction structures to increase excise tax.
 
This affects transfers by LLCs and periods of look back on controlling
interest from 12 months to 36 months. 
Check out this link for analysis.
https://www.perkinscoie.com/en/news-insights/new-washington-state-real-estat
e-excise-tax-legislation.html
 
Michael A. Winslow
1204 Cleveland Ave.
Mount Vernon, WA 98273
Ph. 360-336-3321
Em. Mike at winslegal.com
 
This message is from an attorney, so it's confidential. If you are not the
intended recipient, it's too late to stop reading this message, but you may
not use it for any improper purpose. Huge Disclaimer available upon request.
 
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