[WSBARP] REET tax and change of cotnrolling interest

[Rod Harmon]

Joshua, I am not following your math.  Could you clarify?

Rod Harmon

RODNEY T. HARMON
       Attorney at Law
         P.O. Box 1066
      Bothell, WA   98041
     Tel:   (425) 402-7800
     Fax:  (425) 458-9096
    www.rodharmon.com<http://www.rodharmon.com>
   rodharmon at msn.com<mailto:rodharmon at msn.com>




From: wsbarp-bounces at lists.wsbarppt.com On Behalf Of Josh Grant
Sent: Wednesday, June 1, 2022 3:48 PM
To: wsbar <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] REET tax and change of cotnrolling interest

Mom and dad own 48% (25% each) of an LLC with a $1,000,000 parcel of real estate. The kdis own the rest.
Mom and Dad gifted their 48% to the kids so now the kids each own 25% of the LLC each.
No sale all gifts.
Please confirm that the Controlling Interest Transfer, in this case where there is no sale.. is not triggered.
Thanks
Joshua F. Grant
[advocates]
P. O. Box 619
Wilbur, WA 99185
509 647 5578
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