Taxation
Ca. Tax Lawyer - 2019, VOL. 28, NO. 2
Content
- 2018-2019 California Real Property Journal Editorial Board
- 2018-2019 California Taxation Editorial Board
- 2018-2019 Executive Committee of the Real Property Law Section
- 2019-2020 Executive Committee of the Taxation Section
- Availability of the Welfare and Other Property Tax Exemptions in Real Property Leasing Transactions
- Excerpt of 2019 California Documentary Transfer Tax Table
- In Further Defense of the "Rushmore Approach" to Account For Intangible Property in Real Property Assessments
- MCLE Self-Study Article: Qualified Opportunity Zones: An Uneasy Path to Significant Tax Benefits
- Message from the California Real Property Journal Editor-in-Chief
- Message from the California Tax Lawyer Editor-in-Chief
- Message from the Outgoing Real Property Section Co-Chairs
- Table of Contents
- The Section 199A Deduction: Concepts & Examples
- Feds To the Rescue: 2019 California Transfer Tax Update
Feds To The Rescue: 2019 California Transfer Tax Update
Dena M. Cruz
Dena M. Cruz is a partner at Berding Weil, LLP in Walnut Creek, CA and is a former member of the Executive Committee of the Real Property Section of the State Bar of California.
I. INTRODUCTION
California Assessor-Recorders require the payment of a tax on most instruments that transfer an interest in real property.1 The documentary transfer tax is not a fee paid in connection with the recordation of deeds or other documents evidencing transfers of ownership of real property. Rather, it is an excise tax on the privilege of conveying real property by means of a written instrument.2 Such taxes typically become due on execution and delivery of the document transferring title. Federal, state, and local laws must be reviewed before execution and delivery of the transfer document to determine whether the transfer is subject to taxation, if an exemption is available, or when the payment becomes delinquent.