[WSBAPT] Controlling Interest Transfer Question

[Amy Allison]

I'm reaching out to see if anyone knows whether the controlling interest transfer time period "resets" after payment of excise tax.

Scenario would be that Member owns 75% of an LLC.

Member sells 25% in January.    No excise tax due.

Member sells another 25% in July.  Excise tax is due based on the FMV of the property.

THEN Member sells her last 25% in December.    Is excise tax due again or did the payment of the tax in July reset the 3 year period?


Amy C. Allison
Anderson Hunter Law Firm, P.S.
2707 Colby Ave. #1001
Everett, WA 98201
(425) 252-5161
Direct:  (425) 303-3109
Fax: (425) 258-3345
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