Laws, Regulations & Annotations

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625.0000 PARENT-CHILD TRANSFER

Annotation 625.0085

625.0085 Foreclosure. If a child's primary residence was in foreclosure and the child's parents purchased the residence at a foreclosure sale, such a purchase would constitute a "purchase or transfer between parents and their child" under Revenue and Taxation Code section 63.1(c)(1) if, in fact, the sale was made by the child himself or herself and not by an intermediary such as a trustee in the course of a foreclosure sale. C 11/19/2002.