[WSBARP] Deed Excise tax question

[nestor at pplsweb.com]

Yes, both are obliged under the DT. Thanks for the confirmation.

 

 

Nestor Gorfinkel, Attorney at Law

Licensed in Washington & Florida

Florida Civil-Law (International) Notary

 

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com>
On Behalf Of Eric Lanza
Sent: Thursday, November 15, 2018 10:49 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Deed Excise tax question

 

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.



1800 Cooper Point RD SW NO. 8  |  Olympia, WA 98502  

Telephone 360.352.1970  |  Fax 360.357.0844 |   <http://www.jaglaw.net/>
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 <mailto:eric at jaglaw.net> eric at jaglaw.net 

 

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From: wsbarp-bounces at lists.wsbarppt.com
<mailto:wsbarp-bounces at lists.wsbarppt.com>
<wsbarp-bounces at lists.wsbarppt.com
<mailto:wsbarp-bounces at lists.wsbarppt.com> > On Behalf Of nestor at pplsweb.com
<mailto:nestor at pplsweb.com> 
Sent: Thursday, November 15, 2018 9:04 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com
<mailto: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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