[WSBARP] Quitclaim to LLC question
rdafg
gibbslawoffices at gmail.com
Wed Nov 9 17:11:22 PST 2016
Under WAC 458-61A-211(1), transferring a property to an LLC is exempt
from excise tax as a mere change of identity. For the quitclaim deed
recitation of consideration, is it sufficient to state something like
"for and in consideration of mere change of identity under WAC
458-61A-211(1) [...]?"
I saw a recorded quitclaim under similar circumstances state "in
consideration of zero dollars and zero cents ($0.00) mere change of
identity, WAC 458-61A-211(1)."
Is one preferable over the other?
Thanks!
Anthony
--
Anthony F. Gibbs
Gibbs Law Offices
15600 Redmond Way, Ste 101
Redmond, WA 98052
PHONE: 206-734-4374
CELL: 307-220-8303
FAX: 206-971-5053
gibbslawoffices at gmail.com
www.gibbslawoffices.com
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