<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<style>
<!--
@font-face
{font-family:"Cambria Math"}
@font-face
{font-family:Calibri}
@font-face
{font-family:Tahoma}
@font-face
{font-family:Verdana}
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman","serif"}
a:link, span.MsoHyperlink
{color:#0563C1;
text-decoration:underline}
a:visited, span.MsoHyperlinkFollowed
{color:#954F72;
text-decoration:underline}
span.EmailStyle17
{font-family:"Calibri","sans-serif";
color:black}
.MsoChpDefault
{font-size:10.0pt}
@page WordSection1
{margin:1.0in 1.0in 1.0in 1.0in}
div.WordSection1
{}
-->
</style>
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72">
<div class="WordSection1">
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black">Josh,</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black">I had one and we gave the assessor an affidavit signed by both parties with details to confirm there was no other consideration, etc.
</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black">Ron</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
<div>
<p class="MsoNormal" style=""><span style="font-size:10.0pt; font-family:"Verdana","sans-serif"; color:black">Ronald L. Coleman<br>
</span><span style="font-size:7.5pt; font-family:"Verdana","sans-serif"; color:black">Direct 253-238-5129 - rcoleman@dpearson.com</span><span style="color:black"></span></p>
<p class="MsoNormal" style=""><b><span style="font-size:13.5pt; color:#5A647F">Davies Pearson,
</span></b><b><span style="font-size:10.0pt; color:#5A647F">P.C.</span></b><span style="color:black"><br>
</span><span style="font-size:7.5pt; font-family:"Verdana","sans-serif"; color:#5A647F">ATTORNEYS AT LAW</span><span style="color:black"><br>
</span><span style="font-size:7.5pt; font-family:"Calibri","sans-serif"; color:black">920 Fawcett Avenue / PO Box 1657, Tacoma, WA 98401<br>
253-620-1500 | Fax 253-238-5158 | </span><span style="color:black"><a href="http://www.dpearson.com"><span style="font-size:7.5pt; font-family:"Calibri","sans-serif"; color:blue">www.dpearson.com</span></a></span></p>
</div>
<p class="MsoNormal"><span style="color:black"> </span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
<div>
<div style="border:none; border-top:solid #B5C4DF 1.0pt; padding:3.0pt 0in 0in 0in">
<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>Josh Grant<br>
<b>Sent:</b> Tuesday, October 18, 2016 2:26 PM<br>
<b>To:</b> wsbar<br>
<b>Subject:</b> [WSBARP] Low sale price - R.E. Excise Tax</span></p>
</div>
</div>
<p class="MsoNormal"> </p>
<div>
<div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt; font-family:"Calibri","sans-serif"; color:black">I have a client who is purchasing real estate (written E.M. agreement) for $15,000. The county assessed FMV is about $110,000. Buyer and seller are not related
parties. No other consideration is being paid. The seller had tried unsuccessfully to sell these bare lots for several years, and just decided to get rid of them at what is clearly a very low price.</span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt; font-family:"Calibri","sans-serif"; color:black">Title company says the County will “red tag “ this one. (which I take it means that they won’t accept the stated sale price for excise tax purposes).</span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt; font-family:"Calibri","sans-serif"; color:black">Does the County get to charge excise tax on its FMV assessed value, notwithstanding this is a bona fide sale for the smaller amount? Is there a procedure (buyer
and seller doing declarations etc) to cause the county to accept the actual sale price for excise tax purposes?</span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt; font-family:"Calibri","sans-serif"; color:black">thanks</span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.5pt; font-family:"Calibri","sans-serif"; color:black">Josh</span><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"></span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black"> </span></p>
</div>
<div>
<p class="MsoNormal"><span style="font-size:14.0pt; font-family:"Calibri","sans-serif"; color:black">Joshua F. Grant, PS<br>
Attorney at Law<br>
P. O. Box 619<br>
Wilbur, WA 99185<br>
tel 509 647 5578<br>
fax 509 647 2734</span></p>
</div>
</div>
</div>
</div>
<p></p>
<p style="font-size:10px; color:gray">This e-mail is covered by the Electronic Communications Privacy Act, 18 U.S.C. secs. 2510-2521, and is legally privileged and confidential. If the reader of this message is not the intended recipient, the reader is hereby
notified that any unauthorized review, dissemination, distribution, or copying of this message is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail or call the sender at (800) 439-1112, and destroy all copies
of the original message. </p>
<p style="font-size:10px; color:gray">IRS regulations require us to advise you that, unless otherwise specifically noted, any federal tax advice in this communication (including any attachments, enclosures, or other accompanying materials) was not intended
or written to be used, and it cannot be used, by any person for the purpose of avoiding tax-related penalties; furthermore, this communication was not intended or written to support the promotion or marketing of any of the transactions or matters it addresses.
Please call us for additional information. </p>
</body>
</html>