Cal. Prob. Code § 5656

Current through the 2023 Legislative Session.

Section 5656 - [Effective until 1/1/2032] Application of property taxation and documentary transfer tax provisions

For the purpose of application of the property taxation and documentary transfer tax provisions of the Revenue and Taxation Code:

(a) Execution and recordation of, or revocation of, a revocable transfer on death deed of real property is not a change in ownership of the property and does not require declaration or payment of a documentary transfer tax or filing of a preliminary change of ownership report.

(b) Transfer of real property on the death of the transferor by a revocable transfer on death deed is a change in ownership of the property.

Ca. Prob. Code § 5656

Added by Stats 2015 ch 293 (AB 139),s 17, eff. 1/1/2016.