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Last Update: 1/25/17

Chapter 458-61A WAC

REAL ESTATE EXCISE TAX

WAC Sections

GENERAL INFORMATION AND TAXABILITY OF TRANSFERS
Real estate excise tax—Overview.
Taxability of the transfer or acquisition of the controlling interest of an entity with an interest in real property located in this state.
Definitions.
Transfers involving an underlying debt.
Assignments.
Mobile and floating home sales.
Sales of improvements to land, leases, and leases with option.
Option to purchase.
Contractor.
Trading/exchanging property and boundary line adjustments.
Relocation service—Two-deed process.
Easements, development rights, water rights, and air rights.
Mineral rights and mining claims.
Timber, standing.
EXEMPTIONS AND EXCLUSIONS
Exemptions and exclusions.
Gifts.
Inheritance or devise.
Community property, dissolution of marriage or domestic partnership, legal separation, decree of invalidity.
Tenants in common and joint tenants.
Governmental transfers.
Condemnation proceedings.
Bankruptcy.
Transfers pursuant to deeds of trust, foreclosure proceedings, executions of a judgment, deeds in lieu of foreclosure, and contract forfeiture.
Rescission of sale.
Irrevocable trusts.
Mere change in identity or form—Family corporations and partnerships.
Transfers where gain is not recognized under the Internal Revenue Code.
IRS "tax deferred" exchange.
Nominee.
Clearing or exiting title, and additions to title.
Mortgage insurers.
Rerecord.
COLLECTION AND ADMINISTRATION
Collection and administration.
Payment of tax, collection responsibility, audit responsibility, and tax rulings.
Disposition of proceeds and affidavit batch transmittal.
Affidavit.
Supplemental statements.
Trade-in credit.
Date of sale, interest, and penalties.
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