Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 625.0000 PARENT-CHILD TRANSFER > 625.0191

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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P

625.0000 PARENT-CHILD TRANSFER

Annotation 625.0191

625.0191 Step Transaction. Pursuant to specific legislative intent expressed in Chapter 48 of the Statutes of 1987, the step transaction or substance-over-form doctrine shall not be applied to prevent the application of the parent/child exclusion of Revenue and Taxation Code section 63.1 to any transfer that is otherwise eligible for that exclusion. C 7/10/1989; C 1/3/1991.