Proposition 19 Explained, with Ryan Lockhart I Know a Lawyer
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- Wirtschaft
Heard about the major change the Proposition 19 is going to make? Curious how the Proposition affects the parent-child transfer of real property? Then I got you covered. In this solo episode of I Know a Lawyer, I go over the basic framework of Proposition 19 and how it will affect parent-child property tax transfers. In the episode, I discuss:
Current Prop 58 law basics and transfers of property other than the primary residence (01:49)
Prop 19 effective date and how it will eliminate exemptions for transfer of non-primary residences (04:50)
Two prongs of Prop 19 and requirements (06:50)
Example of transfer of home and partial reassessment upon transfer (08:38)
Other tax considerations before jumping to transfer before deadline (10:35)
Other possible solutions (13:12)
Find a handy chart from the Board of Equalization regarding the change here.
If you have a questions about Prop 19 or whether you should transfer your property prior to February 16, 2021, contact me at 925-433-5447, ryan@mckennabrink.com or reach us through our website at mckennabrink.com.
This podcast is for educational purposes. Don't take legal advice from a podcast, contact a lawyer instead for advice tailored to your situation.
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Send in a voice message: https://podcasters.spotify.com/pod/show/mckennabrink/message
Heard about the major change the Proposition 19 is going to make? Curious how the Proposition affects the parent-child transfer of real property? Then I got you covered. In this solo episode of I Know a Lawyer, I go over the basic framework of Proposition 19 and how it will affect parent-child property tax transfers. In the episode, I discuss:
Current Prop 58 law basics and transfers of property other than the primary residence (01:49)
Prop 19 effective date and how it will eliminate exemptions for transfer of non-primary residences (04:50)
Two prongs of Prop 19 and requirements (06:50)
Example of transfer of home and partial reassessment upon transfer (08:38)
Other tax considerations before jumping to transfer before deadline (10:35)
Other possible solutions (13:12)
Find a handy chart from the Board of Equalization regarding the change here.
If you have a questions about Prop 19 or whether you should transfer your property prior to February 16, 2021, contact me at 925-433-5447, ryan@mckennabrink.com or reach us through our website at mckennabrink.com.
This podcast is for educational purposes. Don't take legal advice from a podcast, contact a lawyer instead for advice tailored to your situation.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/mckennabrink/message
19 Min.