[WSBAPT] Excise tax and gift supplemental

LF Zimbra dwayne at larsonfowles.com
Fri Apr 24 09:21:21 PDT 2020


Yes, we had the same situation recently in Grant County. 

Dwayne Fowles
Larson Fowles, PLLC
821 E. Broadway Ave., Ste. 8
Moses Lake, WA 98837
509.765.6700

> On Apr 24, 2020, at 09:04, Marcus Fry <mfry at lyon-law.com> wrote:
> 
> 
> Arms-length negotiation of sale of real property.  Purchase price is less than excise tax.  County is requiring a gift supplement because purchase is below County tax assessed value.
>  
> This seems crazy.  Anyone experience this?
>  
> Marcus J. Fry
> Lyon, Weigand & Gustafson, P.S. 
> 
>  
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