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<p class="MsoNormal">Listmates, As we all know transfer of a controlling interest in an entity generates excise tax on the value of the entire property, not just the part being transferred. One obvious solution when one “ partner” wants to buy the other out
is to dissolve the entity, distribute the asset to the owners as tenants in common ( mere change in form of ownership) and then have the owner sell their interest to the other TIC. Has anyone seen DOR audit this and try to collapse the transaction to get
tax on the full value of the property rather than just the part being transferred? Thanks, Craig<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>GOURLEY LAW GROUP</b><o:p></o:p></p>
<p class="MsoNormal"><b>THE EXCHANGE CONNECTION</b><o:p></o:p></p>
<p class="MsoNormal"><b>SNOHOMISH ESCROW </b><o:p></o:p></p>
<p class="MsoNormal">P.O. Box 1091<o:p></o:p></p>
<p class="MsoNormal">Snohomish, WA 98291<o:p></o:p></p>
<p class="MsoNormal">PH: (360) 568-5065 (800) 291-8401<o:p></o:p></p>
<p class="MsoNormal">Fax: (360) 568-8092 <o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:10.0pt">CONFIDENTIALITY NOTICE: This electronic mail transmission may contain legally privileged, confidential information belonging to the sender. The information is intended only for the use of the individual or
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