[WSBARP] Deed Excise tax question

[Eric Lanza]

Are both tenants co-obligors on the note?

If so, I agree that tax is due on 50% of the obligation.

WAC 458-61A-201(6)(vi) sounds like it fits your facts.

Eric J. Lanza, J.D.
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1800 Cooper Point RD SW NO. 8  |  Olympia, WA 98502
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eric at jaglaw.net<mailto:eric at jaglaw.net>

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of nestor at pplsweb.com
Sent: Thursday, November 15, 2018 9:04 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Deed Excise tax question

I need to know if my analysis is correct. 2 own as tenants in common. One cotenant will deed to other as gift, however there is an outstanding DT on property. Is excise tax paid on ½ of the outstanding principal balance of the DT?

Nestor Gorfinkel, Attorney at Law
Licensed in Washington & Florida
Florida Civil-Law (International) Notary

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