2024年1月26日 · Prop 19 Sale w/Partial of Full Reassessment Exclusion - If heirs get a full exclusion from reassessment per an LLC, for example, or in any other way (have no idea how) and then sell, are they taxed on the sale price minus the assessed value when their parents bought the home and/or the stepped up value w/2% increases over the years?

2021年1月23日 · Prop 19 really screws over the middle-class who have worked hard to buy a home and would love to leave it to their kids someday to enjoy as a 2nd home. I am so angry this passed in the middle of a pandemic and is being pushed through while folks are strapped for cash to consult a lawyer and in such a short amount of time!

2020年12月11日 · The PRE- prop 19 law is written such that an inherited house is not reassessed regardless of value. Investment properties like my dad’s rental are (until 2/15/22) subject to a 1 million dollar exclusion.

2021年1月26日 · There is a petition drive now to Reinstate Prop 58 while keeping the Prop 19 benefits for seniors, disabled and wildfire victims. It's called Repeal the Death Tax. Also called Fix Prop 19. Petitions must be returned by DECEMBER. Go to these websites: ForCalifornians, or Repeal The Death Tax to get the petition. This is a grassroots volunteer ...

In response to the voting results on Proposition 19, the California ballot measure to control and tax marijuana, Prop. 19 proponent Richard Lee released the following statement: “The fact that millions of Californians voted to legalize marijuana is a …

2023年2月23日 · Prop 58 allowed heirs to keep their parent's tax "basis". Now all property is reassessed and taxes paid on the new assessed value. Some exclusions but that's it in a nutshell. There is a petition drive now to Reinstate Prop 58 while keeping the Prop 19 benefits for seniors, disabled and wildfire victims. It's called Repeal the Death Tax.

2020年12月19日 · Prop 19 - loopholes? I am having many clients ask me how they can get around the new prop 19 when it comes to inheriting the property taxes. I know many people are now gifting and transferring properties into the kids names to avoid a increase in property taxes but what about when there are multiple kids involved in the inheritance?

2020年11月14日 · Property tax is low due to Prop 13 (around 5K/year). My sibling and I are going to inherit the house when she passes and the plan was to continue renting it out. But, now that Prop 19 passed, the property tax is expected to increase substantially since it will be assessed at current value, and now I'm thinking of just selling the house when she ...

2023年11月11日 · As per this article, prop 19 is causing pain to many people inheriting parental property. But the other way to think is , prop 13 is discriminatory against new residents in California and people who grew up poor or without parental home they could inherit.

2020年12月1日 · Consequences and considerations: Prop 19 requires that we (. ) live in the property. According to current tax law 'living in the property' means to live in the residence for 1-2 years. After which we can do anything we want with the property (sell, rent, vacation, etc).