Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 625.0000 PARENT-CHILD TRANSFER > 625.0140

Property Taxes Law Guide – Revision 2017

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625.0000 PARENT-CHILD TRANSFER

Annotation 625.0140

625.0140 One Million Dollar Exclusion Limitation. When real property other than a principal residence is transferred between a parent and a child, but a claim for exclusion pursuant to Revenue and Taxation Code section 63.1 is not filed, that transfer is not cumulated for purposes of applying the one million dollar exclusion limitation. C 4/14/1997.