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<p class="MsoNormal"><span style="color:#002060">Parents own Parcel #1 and want to gift it to child. Parents are also the sole members of and LLC, which owns Parcel #2, a different parcel of real property. Parents want to gift 100% of their membership interest
in the LLC to the child. After all is said and done, child wants the LLC to own both Parcel #1 and Parcel #2.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">I know that if parents transfer Parcel #1 into the LLC, that transaction is exempt from excise tax under WAC 458-61A-211. If parents then gift the LLC to their child, can that transfer be exempt from excise
tax as a gift? How would that gift be documented?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Thanks in advance.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b>Mark B. Anderson<br>
</b>ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:blue">www.mbaesq.com</span></a><b><o:p></o:p></b></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-family:"Arial Narrow",sans-serif;color:#002060">CONFIDENTIALITY NOTICE<br>
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or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication is prohibited. If you have received
this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.</span><span style="font-size:7.5pt;color:#002060"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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