D.C. Mun. Regs. tit. 9, r. 9-522

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

Rule 9-522 - TRUSTS

522.1

A transfer of a controlling interest in a trust shall not include transfers of equitable interests between beneficiaries that occur as a result of the operation of the terms of the trust, unless circumstances show that the trust was established to avoid taxation of the transfer of real property.

522.2

Mere substitution of trustees shall not be subject to the Recordation of Economic Interests Act.

D.C. Mun. Regs. tit. 9, r. 9-522

Final Rulemaking published at 36 DCR 8653, 8661 (December 29, 1989)

Authority: Section 2(c) of the District of Columbia Real Property Tax Revision Act of 1974, approved September 3, 1974 (88 Stat. 1051, Pub.L. 93-407 ).