[WSBAPT] WA Estate Tax on LLC owned property

[Shannon Jones]

Listmates, My clients reside outside of WA. They are purchasing a family vacation property here. There is no intent to rent the vacation property or use for any true business purpose. They would like me to setup a WA LLC to hold the property such that it is will be determined as an intangible asset for WA estate tax purposes. Per DOR Special Notice effective 6/1/20, this will work even if we have a Washington limited liability company, correct? Thanks in advance for input - Shannon

[cid:image001.png at 01D812AD.257EF8B0]
Shannon R. Jones | Attorney
Campbell Barnett PLLC
P: 253.848.3513| F: 253.845.4941
317 South Meridian
Puyallup, WA 98371
shannonj at campbellbarnettlaw.com<mailto:shannonj at campbellbarnettlaw.com>
campbellbarnettlaw.com<https://campbellbarnettlaw.com/>

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