[WSBARP] REETA for entity transfer

[Nick Pleasants]

Section 7: "If you conclude that one of these exemptions applies to you please reference the Title and WAC number here. --->"
You can also attach a narrative statement if that seems necessary. And if you are using WAC 458-61A-201 for gift, then you probably want to attach the gift supplemental statement as well.
Best,
Nick

Nicholas Pleasants | Shareholder

[OseranHahnAttyatLaw 8]

11225 SE 6th Street | Suite 100 | Bellevue, WA 98004
Main: (425) 455-3900 | Fax: (425) 455-9201 | E-mail: npleasants at ohswlaw.com<mailto:npleasants at ohswlaw.com>

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Chris B
Sent: Wednesday, November 2, 2022 12:00 PM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] REETA for entity transfer

I have a client who will be gifting her 50% ownership interest in an LLC which owns Seattle area RE to her nephew.  The property is F&C and of course, the LLC has no debt either.

https://dor.wa.gov/sites/default/files/2022-10/84-0001b-Jan2023.pdf?uid=6361558e64656

I see in the instructions, "(8) Reporting requirements.
(a) The transfer of a controlling interest in real property must be reported to the department when no instrument is recorded in the official real property records of the county in which the property is located. If the transfer is not taxable due to an exemption, that exemption should be stated on the affidavit."

So, where does one list the exception?  Am I missing something?

Chris Benis
First Avenue Law Group, PLLC
321 First Avenue West, Seattle, WA  98119
206.447-1900 office - 206.447.9075 fax - www. firstavenuelaw.com

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