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Prop 13

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Icon Mini Profile jannburan





Joined: 04 Aug 2009

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Post Posted: Tue Aug 04, 2009 5:45 pm    Post subject: Prop 13
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Does prop 13 tax basis remain in effect when property is quit claimed to son in California?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4834
Location: New Jersey
508.88 Dollars($)
Post Posted: Wed Aug 05, 2009 2:20 am    Post subject:
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As far as I know, intra-family transfers are exempt from proposition 13 tax basis. Check out the given page to know more about intra-family transfers and proposition 13 tax basis:
http://www.mortgagefit.com/quitclaim/taxassessment.html

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