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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I think it depends on your facts. Looking at the examples, I think 204 is mostly for changing the ownership form when people already own property together. Section
201 is for gifts. So if your JT is being created by adding a person to the title with no consideration passing, I would just use the gift exemption. For example parent wants to add child as a JT, I think you have a gift as long as the consideration and debt
issues are correctly addressed. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Gourley Law Group<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#1F497D">Snohomish Escrow<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#1F497D">The Exchange Connection<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#1F497D">1002 10<sup>th</sup> Street / PO Box 1091<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#1F497D">Snohomish, WA 98291<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#1F497D">360.568.5065<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#1F497D">360.568.8092 fax<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#0563C1"><a href="mailto:Craig@glgmail.com"><span style="color:#0563C1">Craig@glgmail.com</span></a></span></u><span style="font-size:10.0pt;font-family:"Arial Rounded MT Bold",sans-serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Jim Doran<br>
<b>Sent:</b> Tuesday, May 17, 2016 11:49 AM<br>
<b>To:</b> WSBA Real Property Listserv <WSBARP@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBARP] Real Estate Excise Tax Exemption<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">WAC 458-61!-204 allows an exemption to the REET for "the creation of a ....joint tenancy...if no consideration passes otherwise." But the WAC then references 458-61A-201 Gifts. That seems to mean that we can use the Joint tenancy exemption
but that we have to use the "supplemental statement as stated in WAC 458-61A-201, Gifts.<o:p></o:p></p>
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WAC 458-61A-201 allows for a Gift of real property as exempt from excise tax if the REET Affidavit has a "supplemental statement approved by the Department completed and attached to the affidavit". The contents we can handle but I do not know of this "supplemental
statement" <u>format</u> or what it means to have <u>the Department approve of it.</u><o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Can anyone shed any light on this for me and maybe an example of the "approved format".<o:p></o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt">Thank you.<o:p></o:p></p>
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<p class="MsoNormal">James R. Doran<o:p></o:p></p>
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<p class="MsoNormal">Attorney at Law<o:p></o:p></p>
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<p class="MsoNormal">100 E. Pine Street - Suite 205<o:p></o:p></p>
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<p class="MsoNormal">Bellingham, WA 98225<br>
(360)393-9506<o:p></o:p></p>
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<p class="MsoNormal"><a href="mailto:jim@doranlegal.com" target="_blank">jim@doranlegal.com</a><o:p></o:p></p>
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<p class="MsoNormal"><a href="http://www.doranlegal.com" target="_blank">www.doranlegal.com</a><o:p></o:p></p>
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