WebJan 1, 2024 · WAC Code WAC Title Effective From Effective To 35.42.090 ... Mere change - Tenants in Common, Individual 458-61A-211(2)(b) Mere change - Corporation Interests ... No change in Identity or form of Ownership 458-61A-212(2)(a) Gain Not Recognized Under Internal Revenue Code - Section 332 WebA mere change in form or identity where no change in beneficial ownership has occurred includes, but is not limited to: (a) The transfer by an individual or tenants in common of an interest in real property to a corporation, partnership, or other entity if the entity … (a) This exemption does not apply to transactions under Internal Revenue …
Excise tax returns and addendums - Washington
WebSee WAC 458-61A-101 for procedures pertaining to transfers and acquisitions of a controlling interest in an entity owning real property in the state of Washington. (2) Date of sale. Real estate excise tax is due and payable to the county on the date of sale, regardless of the date on which the contract of sale or instrument of conveyance is ... WebJun 23, 2024 · Real estate excise tax ... Mere change in identity or form ... 458-61A-212: Transfers where gain is not recognized under the Internal Revenue Code. HTML PDF: … the marketplace albemarle nc
WAC 458-61A-306: - Washington
WebA transfer of real property through a devise by will or inheritance is exempt from the real estate excise tax for the following types of transfers. Refer to WAC 458-61A-303 … WebThe tax is administered by the department of revenue. (a) Chapter 82.23A RCW is administered exclusively under this rule. The application of the petroleum product tax with the exceptions noted below, is the same as the application of the hazardous substance tax explained in WAC 458-20-252 (1) (c). (b) The petroleum product tax is imposed upon ... WebWAC 458-61A-211. Mere change in identity or form— Family corpora-tions and partnerships. (1) Introduction. A transfer of real property is exempt from the real estate excise tax if it consists of a mere change in identity or form of ownership of an entity. This exemption is not limited to transfers involving corporations and partnerships, the marketplace al jaddaf