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<p class="MsoNormal"><span style="color:#1F497D">That may be true if that wasn’t only asset in the LLC. But if the only asset in the LLC is the real estate and there is a set price for that interest doesn’t that price control for excise tax purposes?<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Marcus Fry<br>
<b>Sent:</b> Thursday, November 20, 2014 9:51 AM<br>
<b>To:</b> 'wsbarp@lists.wsbarppt.com'<br>
<b>Subject:</b> [WSBARP] Sale of Controlling Interest- Excise Tax<o:p></o:p></span></p>
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<p class="MsoNormal"><a name="_GoBack"></a>The WACs provide that you can utilize the assessed value for the sale of a controlling interest in a company. My question is, if the company own agricultural property, can I utilize the current use assessed value,
which is lower than the regular assessed value? I assume so, because the property is agriculture, but wanted to get confirmation from someone who has submitted this to DOR before.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Courier New"">Marcus J. Fry<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Courier New"">Lyon, Weigand & Gustafson, P.S.</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Courier New"">Adoption Attorney*<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Courier New"">P.O. Box 1689</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
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</span><span style="font-size:10.0pt;font-family:"Courier New"">Yakima, Washington 98907</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
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