[WSBARP] Transfer by Church

Mark Anderson marka at mbaesq.com
Wed Aug 24 15:27:22 PDT 2022


I've successfully used the gift exemption in the past where a church gifted its real property to the corporate organization of its denomination.

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Chris B
Sent: 08/24/2022 12:22 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Transfer by Church

I am working on a transaction wherein one church is giving their real property to another church. Both are non-profit corporations (the churches are "merging" their congregations and assets, but not in the same manner as a formal corporate merger).

Is there some unusual exception from REET for a church transaction?  Or is this just governed by regular "gift" rules?

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