[WSBARP] Excise Tax on D/T

[Craig Gourley]

There is no excise tax on a recon.

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Scott Hildebrand
Sent: Monday, October 24, 2016 8:36 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Excise Tax on D/T

Colleagues:

PC is beneficiary of a D/T on property 1.
Grantor on property 1 wants to buy another property and PC would transfer encumbrance to property 2.
Property 1 would then be free and clear and could be sold. D/T would have to be reconveyed.
Can I accomplish this without paying excise tax, or, because there is a reconveyance, excise tax would have to be paid on property 1?

Thank you,
Scott Hildebrand


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