D.C. Mun. Regs. tit. 9, r. 9-512

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 9-512 - RECORDATION OF REVOCABLE TRUST DEEDS

512.1

The following deeds shall be exempt from the tax imposed by the Act:

(a) a deed by a transferor that conveys bare legal title to the trustee of a revocable trust, without consideration for the transfer, where the transferor is the beneficiary of the trust;

(b) a deed to property transferred to a beneficiary of a revocable trust as the result of the death of the grantor of the revocable trust; and

(c) a deed to property transferred by the trustee of a revocable trust if the transfer would otherwise be exempt under § 302 of the Act (D.C. Official Code § 42-1102) if made by the grantor of the revocable trust.

D.C. Mun. Regs. tit. 9, r. 9-512

Final Rulemaking published at 32 DCR 327 (January 18, 1985); as amended Final Rulemaking published at 54 DCR 10644 (November 2, 2007); as amended by Final Rulemaking published at 61 DCR 4717 (May 9, 2014)

Authority: Section 317 of the District of Columbia Deed Recordation Tax Act of 1962, approved March 2, 1962, as amended (76 Stat. 11; D.C. Official Code § 42-1117 (2012 Repl.)); Section 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989, effective September 9, 1989 (D.C. Law 8-20; 36 DCR 4564 (June 30, 1989)); Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act , approved October 16, 2006 (120 Stat. 2019; Pub.L. 109-356, D.C. Official Code § 1-102.24 d (2012 Repl.)); and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000.