[WSBARP] More Excise Tax

[nestor at pplsweb.com]

I can see it in the context of RCW
<http://app.leg.wa.gov/RCW/default.aspx?cite=82.45.235> 82.45.235 and RCW
82.32.655.  In my scenario its tax exempt which my client can argue and
prove in an audit.  My concern are red flags that would trigger an audit and
having to drag my client in to an audit to justify exemption by filing REETA
for each individual property.


 

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 Craig Gourley
Sent: Friday, April 24, 2020 2:00 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] More Excise Tax

 

Never heard of such a thing. How would you use one affidavit in multiple
counties?? Makes no sense. 

 

Gourley Law Group

Snohomish Escrow

The Exchange Connection

 

1002 10th Street / PO Box 1091

Snohomish, WA 98291

 

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360.568.8092  fax

Craig at glgmail.com <mailto:Craig at glgmail.com> 

 

 

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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: Friday, April 24, 2020 11:54 AM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com
<mailto:wsbarp at lists.wsbarppt.com> >
Subject: [WSBARP] More Excise Tax

 

I have a client "gifting" multiple properties and in multiple counties.  I
was advised by DOR that I have to file one Excise Tax Affidavit. I was going
to record each deed and REETA separately. I think the major point is that if
they want to challenge the exemption, then a higher tax will be paid based
upon the fact that the joint value will increase the tax due. 

 

I have looked through the WAC and RCW and I did not fins such a requirement.
Does anyone know if this is mandatory by law, as opposed to preference by
DOR?

 

 

Nestor Gorfinkel, Attorney at Law

Licensed in Washington & Florida

Florida Civil-Law (International) Notary

 

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