[WSBARP] Purchaser's assignment of contract and 1% tax

[Josh Grant]

It looks to me in reading WAC 458-61A-104(1)(b)
That when my client signs and records a Purchaser’s assignment of contract and deed, that in order to record the deed he has to pay 1.53% excise tax on the balance owing on the contract.
If so do you recite the balance owing on the contract on the deed?  The LPO forms seem to have it backward because they have us recite the amount owing on the contract on a Seller’s assignment of contract and deed form, but not on a purchaser’s assignment and deed; however the above WAC says that it is only payable on a purchaser’s assignment.???

Josh
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