[WSBARP] excise tax exemption

[Sakai, Allen R.]

Jenna:

Try WAC 458-61A-214(3) (Nominee).  We just did this successfully in a similar situation.


Allen R. Sakai
Helsell Fetterman LLP
Of Counsel

Mailing Address:                             Bellevue Office:

800 Fifth Avenue, Suite 3200           10900 NE 8th Street, Suite 1620
Seattle, WA 98104                            Bellevue, WA 98004

Direct:  206.689.2162
Fax:  206.340.0902

asakai at helsell.com
www.helsell.com<http://www.helsell.com/>



From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jenna at prinzandbrozik.com
Sent: Wednesday, November 20, 2024 5:17 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] excise tax exemption

[EXTERNAL MESSAGE]
I have client(s) that are quitclaiming property from an LLC owned solely by the wife (LLC#1)  to an LLC owned by the husband and his brother. (LLC#2).

Although the wife's LLC bought the property, it was from funds given to her by the LLC owned by the husband and his brother.
Not sure why property was titled in wife's LLC at the time of purchase but it was.

Now they want to transfer the property from LLC#1 to LLC#2 in a quitclaim deed which I am preparing.

I don't see any real estate tax exemption that applies.

Does anyone have any suggestions?

Thanks,

Jenna Brozik
Managing Attorney
PRINZ & BROZIK PLLC
445 S. Grand Avenue
Pullman, WA 99163
509-338-0908 Telephone
509-338-3527 Facsimile

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