[WSBARP] Sale of Controlling Interest- Excise Tax

[Marcus Fry]

The WACs provide that you can utilize the assessed value for the sale of a controlling interest in a company.  My question is, if the company own agricultural property, can I utilize the current use assessed value, which is lower than the regular assessed value?  I assume so, because the property is agriculture, but wanted to get confirmation from someone who has submitted this to DOR before.

Thank you

Marcus J. Fry
Lyon, Weigand & Gustafson, P.S.
Adoption Attorney*
P.O. Box 1689
Yakima, Washington  98907
Telephone:  (509) 248-7220
Facsimile:  (509) 575-1883

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