[WSBARP] REET question

[Tom J. Westbrook]

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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