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Code · California · Probate Code

§ 5656

93 words·~1 min read·/ca/probate-code/5656

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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.
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