[WSBARP] Real estate excise tax

[Nicholas Pleasants]

If there’s no mortgage, you could call it a gift… perhaps you would also need to advise them to file an IRS Form 709, so that’s a bit of a pain, and also needs a REETA Supplement, but maybe a simpler path.

Nicholas Pleasants
Pleasants Law Firm, P.S.
2300 130th Ave NE, Suite A-101
Bellevue, WA 98005-1755
(425) 615-7070 tel/fax
nick at pleasantslaw.com<mailto:nick at pleasantslaw.com>
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From: <wsbarp-bounces at lists.wsbarppt.com> on behalf of Kathleen Hopkins <khopkins at rp-lawgroup.com>
Reply-To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Date: Wednesday, February 5, 2020 at 3:21 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Real estate excise tax

You might try nominee exemption: WAC 458-61A-214, but they must have acted as her “agent” and see the documentation requirements in the WAC’s part (5).



Kathleen J. Hopkins
Real Property Law Group, PLLC
1326 Fifth Avenue, Suite 654
Seattle, WA 98101
Phone & Fax: (206) 625-0404
email: khopkins at rp-lawgroup.com
www.rp-lawgroup.com<http://www.rp-lawgroup.com/>

*Licensed in Washington State.


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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jon Fritzler
Sent: Wednesday, February 05, 2020 2:55 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Real estate excise tax

Client’s sister contributed a significant amount of money to purchase of property that is titled in name of client and her husband. Client and her husband now want to add client’s sister to the title. Is there a real estate excise tax exemption that applies?

Sincerely,
Jon M. Fritzler
Attorney at Law
PO Box 61451
Vancouver, WA 98666
Tel. 360.818.4431
Eml fritzlerlaw at outlook.com<mailto:fritzlerlaw at outlook.com>

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