[WSBARP] REET question
Tom J. Westbrook
tjw at w3net.net
Thu Dec 3 10:15:57 PST 2015
To all that responded, thank you. And it finally dawned at me (duh!) to
look at the definition of domestic partner under WAC 458-61A-102 and it
refers to this:
RCW 26.60.025
Definition-Domestic partnership.
Whenever the term "domestic partnership" is used in the Revised Code of
Washington it shall be defined to mean "state registered domestic
partnership" and whenever the term "domestic partner" is used in the
Revised Code of Washington it shall be defined to mean "state registered
domestic partner."
Now we know the answer..........
Sincerely,
Tom
Thomas J. Westbrook
Attorney at Law
Rodgers, Kee & Card
324 West Bay Drive NW, Suite 201
Olympia, Washington 98502
Phone: 360-352-8311
Facsimile: 360-352-8501
Email: tjw at buddbaylaw.com
Skype: thomas.westbrook
www.buddbaylaw.com
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From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Jeanne Dawes
Sent: Wednesday, December 02, 2015 8:27 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] REET question
I do not think Community Property/Dissolution exemption will work,
unless you have some type of court order dividing the property.
The WAC specifically state that if you transfer 50% or more of an
ownership interest in an entity, including an LLC, in any 12-month
period, that the REET will be due on the value of the interest
transferred.
You could pay the tax and then request a refund based on your
particular circumstances, but I think it will be a long-shot.
Jeanne
Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
103 E. Indiana Avenue, Suite A
Spokane, WA 99207-2317
Voice: 509-326-7500
Fax: 509-326-7503
jjdawes at goregrewe.com
INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND
CONFIDENTIAL.
From: wsbarp-bounces at lists.wsbarppt.com [
mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Tom J. Westbrook
Sent: Wednesday, December 02, 2015 6:11 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] REET question
Have a client that has been in a long term committed intimate
relationship, but not a registered domestic partner. She is selling her
60% interest in the LLC she owned with her partner that owns an office
building and associated land as the primary asset. Can I use WAC
458-61A-203 exemption, transfer between domestic partners, to escape the
REET or do they have to be registered domestic partners to qualify for
the exemption?
Sincerely,
Tom
Thomas J. Westbrook
Attorney at Law
Thomas J. Westbrook, PLLC
PO Box 1
Littlerock, WA 98556
Olympia Office:
Evergreen Plaza Building
711 Capitol Way S.
Suite 101
Olympia, WA 98501
Telephone: 360-357-7400
Facsimile: 360-357-7414
Email: tjw at w3net.net
Skype: thomas.westbrook
Starting on January 1st, I will be moving my practice with:
Rodgers, Kee & Card
324 West Bay Drive NW, Ste. 201
Olympia, WA 98502
360-352-8311
tjw at buddbaylaw.com
Current phone number and email will still work then as well.
The information contained in this email and attachment(s) are for the
exclusive use of the addressee(s) and may contain private, privileged
and/or confidential information. If you are not the addressee, you are
strictly prohibited from reading, photocopying, distributing or
otherwise using this email or its contents in any way. If you have
received this communication in error, please notify us immediately by
telephone at 360-357-7400 or by e-mail to cjw at w3net.net, and destroy the
original message from your electronic files.
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