[WSBAPT] Controlling Interest Transfer Question

[John J. Sullivan, Esq.]

"Non-controlling interest transfers are aggregated in the lookback period to
determine if the 50% threshold is reached. While the tax does not arise
until the 50% level is reached, each interest in the entity sold during the
lookback period is subject to a proportionate share of the total tax
resulting from the controlling interest transfer." 

 

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
On Behalf Of John J. Sullivan
Sent: Monday, March 8, 2021 5:52 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Controlling Interest Transfer Question

 

The ETA is a little clearer. 

 

https://taxpedia.dor.wa.gov/documents/current%20eta/3216.2019.pdf

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