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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black">Beware the "option" language in the REET statute added by request of DOR (in addition to the special magic statutory automatic piercing the veil to parent
entities). <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black">If DOR kind find any kind of writing showing intent to transfer at the later date- I suspect DOR will retro-date the transfers to the date of the "option"
agreement regardless of the actual date of transfer and demand the full REET value.
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black">There seems to be some current policy within DOR to presume fraud, collect everything, and ask questions later under the reality that most taxpayers find it
cheaper to pay than fight.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black"><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>Thomas M. Culbertson<br>
<b>Sent:</b> Wednesday, December 10, 2014 2:21 PM<br>
<b>To:</b> 'wsbarp@lists.wsbarppt.com'<br>
<b>Subject:</b> [WSBARP] REET controlling interest 12 months<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman","serif";color:black">REET is applicable to a sale of a 50% or interest in an entity owning real estate, or to more than one sale “within any 12 month period.” Is anyone aware of DOR arguing that
“any 12 month period” is anything other than 365 days? In other words, if sale 1 occurred December 9, 2013 and sale 2 occurs tomorrow (December 11), are we home free?</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman","serif";color:black"> </span><o:p></o:p></p>
<p class="MsoNormal"><img width="327" height="2" id="_x0000_i1025" src="cid:image001.png@01D01489.D37723E0"><b><span style="color:black"> </span></b><o:p></o:p></p>
<p class="MsoNormal"><b><span style="color:black">THOMAS M. CULBERTSON </span></b><b><span style="font-size:14.0pt;color:black"> </span></b><span style="font-size:14.0pt;color:black">I
</span><span style="font-size:10.0pt;color:black"> Lukins & Annis, PS</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:black">717 W. Sprague Ave, Suite 1600, Spokane, WA 99201</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:black">(509) 455-9555</span><span style="color:black">
</span><span style="font-size:12.0pt;color:black"> I </span><span style="font-size:10.0pt;color:black"> fax (509) 363-2500</span><span style="font-size:12.0pt;color:black"> I
</span><span style="font-size:10.0pt;color:black"> </span><span style="color:black"><a href="mailto:tculbertson@lukins.com"><span style="font-size:10.0pt">tculbertson@lukins.com</span></a></span><span style="font-size:10.0pt;color:black">
</span><o:p></o:p></p>
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