[WSBARP] [WSBAPT] Excise tax and gift supplemental

[Rob Wilson-Hoss]

The lesson is, make friends with someone in the Treasurer's office. Then
when you have any potential issues at all, anything at all, look closely at
the WACs and if you are not completely certain, call your friend and ask. No
matter how many decades you have been looking at those WACS.

 

Our Treasurer's staff likes to be asked, it is a sign of respect, and they
prefer that to having to say no and then facing an annoyed, or angry,
response. 

 

How to make friends with Treasurer's staff? Any socially accepted ways.
Shameless flattery, bribery, the usual. 

 

Rob

 

Robert D. Wilson-Hoss

Hoss & Wilson-Hoss, LLP

236 West Birch Street

Shelton, WA 98584

360 426-2999

www.hossandwilson-hoss.com

rob at hctc.com

 

 

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com>
On Behalf Of Mike Winslow
Sent: Friday, April 24, 2020 9:43 AM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Excise tax and gift supplemental

 

Yep. I ran into this with Skagit County Treasurer. This is all about
preventing collusion to defraud the DOR and Counties of their excise tax
revenue.

 

My issue was with a QCD to clear title. We recited consideration of $10.00.
Treasurer said this is a sale for less than assessed value, even though the
deed clearly recited it was to clear title.

 

The options were to prepare the Gift Supplement or a narrative about the
reason for clearing title. I did the narrative with the reasons for clearing
title. It was a stretch to have that approach approved, be the gift
affidavit would have required going back to the Grantor. I signed the
narrative as agent for the Grantee.

 

I expect that if you provide a broker's opinion showing the reduced value
that could work, but that is probably more trouble than the gift affidavit.

 

Michael A. Winslow

1204 Cleveland Ave.

Mount Vernon, WA 98273

Ph. 360-336-3321

Em. Mike at winslegal.com <mailto:Mike at winslegal.com> 

 

This message is from an attorney, so it's confidential. If you are not the
intended recipient, it's too late to stop reading this message, but you may
not use it for any improper purpose. Huge Disclaimer available upon request.

 

From: wsbapt-bounces at lists.wsbarppt.com
<mailto:wsbapt-bounces at lists.wsbarppt.com>
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Marcus Fry
Sent: Friday, April 24, 2020 8:57 AM
To: WSBA Probate & Trust Listserv (wsbapt at lists.wsbarppt.com
<mailto:wsbapt at lists.wsbarppt.com> )
Subject: [WSBAPT] Excise tax and gift supplemental

 

Arms-length negotiation of sale of real property.  Purchase price is less
than excise tax.  County is requiring a gift supplement because purchase is
below County tax assessed value.

 

This seems crazy.  Anyone experience this?

 

Marcus J. Fry

Lyon, Weigand & Gustafson, P.S. 

 

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