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<p class="MsoNormal">Josh: sounds to me like a case you don’t want.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="mso-ligatures:none">From:</span></b><span style="mso-ligatures:none"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Joshua Grant<br>
<b>Sent:</b> Thursday, February 9, 2023 5:44 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] REET on transfer of leasehold improvements?<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="OLE_LINK1"></a><a name="OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">My client sold his business, including improvements etc. which he only has a leasehold interest in. Total sale was $650,000.
The parties didn’t allocate anything to real estate.. only equipment and that was $150,000. (I didn’t assist with this closing). The buildings are on U.S. Bureau Of Reclamation ground on Banks Lake. The county had a value on buildings at $157,620. The County
Treasurer somehow hears about it and tells client he owes REET. This is my client’s statement:<o:p></o:p></span></span></a></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#1F497D;mso-ligatures:none">Josh<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#1F497D;mso-ligatures:none">Spoke in person to XXXXX,Treasurer, in Court House.<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#1F497D;mso-ligatures:none">He had given me the TeraScan T2 Doc.[</span></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">which
shows a value on some buildings and camp sites at $157,600]<span style="color:#1F497D"><o:p></o:p></span></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#1F497D;mso-ligatures:none">He indicated that paying on the 157,620 would help to NOT get audited by Dept of Revenue.
<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#1F497D;mso-ligatures:none">Also gave me a blank “REAL ESTATE CONTRACT” to record with REET.affid.<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">So aside from practicing law without a license, my client has been encouraged to sign a RE contract with his purchaser, to commit
him to sell real estate he doesn’t own, and record it and of course pay on a dreamt up RE value that the County came up with. Again the agreed upon allocation is only $120,000 and that is on all equipment which includes boats and outboard motors etc. beyond
the RE improvements. For the reason that it would help him avoid being audited??!!<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">I tried to see on line at department of revenue a discussion/form on REET on sale of leaseholds.. without success.<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">Has anyone run into this before?<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none"><o:p> </o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">Josh<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><b><span style="font-size:18.0pt;color:#004080;mso-ligatures:none">Joshua F. Grant</span></b></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="font-size:14.0pt;color:#004080;mso-ligatures:none"><br>
</span></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="font-size:14.0pt;color:black;mso-ligatures:none"><img width="166" height="34" style="width:1.7261in;height:.3511in" id="Picture_x0020_2" src="cid:image001.png@01D93D3F.5C79CB20"></span></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="font-size:14.0pt;color:black;mso-ligatures:none"><br>
</span></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="color:#004080;mso-ligatures:none">P. O. Box 619<br>
Wilbur, WA 99185<br>
509 647 5578<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"></span></span><a href="mailto:jgrant@advocateslg.com"><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"><span style="mso-ligatures:none">jgrant@advocateslg.com</span></span></span><span style="mso-bookmark:OLE_LINK2"><span style="mso-bookmark:OLE_LINK1"></span></span></a><span style="mso-bookmark:OLE_LINK1"></span><span style="mso-bookmark:OLE_LINK2"></span><span style="color:#004080;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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