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Claim For Reassessment Exclusion For Transfer From Grandparent To Granchild (Sacramento) BOE-58-G - California
| Claim For Reassessment Exclusion For Transfer From Grandparent To Granchild (Sacramento) Form. This is a California form and can be used in Changes In Ownership Assessor Sacramento Local County . |
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BOE -58-G (P1) REV. 13 (06-11) Sacramento County Kathleen Kelleher, Assessor Property Transfer Section 3701 Power Inn Road, Suite 3000 Sacramento, CA 95826-4329 (916) 875-0750 www.assessor.saccounty.net Claim for Reassessment Exclusion for Transfer Between Grandparent and Grandchild (Section 63.1 of the Revenue and Taxation Code) California law provides, with certain limitations, that a "change in ownership" does not include the purchase or transfer of: The principal residence from grandparents to grandchildren, and/or the remainder of the first $1,000,000 of other real property between parents and children. This exclusion only applies to transfers that occur on or after March 27, 1996. IMPORTANT TO NOTE Effective January 1, 2009, Sacramento County will charge a $175 processing fee for claims filed untimely. The fee will apply if a claim is filed more than 60 days after the date of the second notice of potential eligibility for exclusion from change in ownership. Proof of eligibility, including a copy of the transfer document, trust, or will, may be required. A claim form must be completed and signed by the transferors and a transferee and filed with the Assessor. The real property must be transferred from grandparents to their grandchildren. In order to qualify, all the parents of that grandchild must be deceased as of the date of purchase or transfer. Parents are those persons who qualify under section 63.1 as children of the grandparents. However for transfers that occurred on or after Janaury1, 2006, a son-in-law or daughter-in-law of the grandparent that is a stepparent to the grandchild need not be deceased in meeting the condition that "all of the parents" of the grandchild must be deceased. Failure to complete and return this form may result in this property being reassessed A claim form is timely filed if it is filed within three years after the date of purchase or transfer, or prior to the transfer of the real property to a third party, whichever is earlier. A claim is also timely if filed within six months after the date of mailing of a notice of supplemental or escape assessment for this property. If a claim is not timely filed, the exclusion will be granted beginning with the calendar year in which you file your claim A. PROPERTY ASSESSOR'S PARCEL NUMBER DATE OF PURCHASE OR TRANSFER DATE OF DEATH OF GRANDPARENT (if applicable) PROPERTY ADDRESS RECORDER'S DOCUMENT NUMBER PROBATE NUMBER (IF APPLICABLE) B. TRANSFEROR(S)/SELLER(S) (GRANDPARENTS) 1. 2. Print full name(s) of transferor(s)_______________________________________________________________________ Was this property the principal residence of the transferor? Yes No If yes, please check which one of the following exemptions was granted or was eligible to be granted on the property: Homeowners' Exemption 3. 4. 5. 6. 7. Disabled Veterans' Exemption No Yes No No If yes, percentage transferred ____________%. Was real property other than the principal residence of the transferor transferred? Yes Was only a partial interest in the property transferred? Did you own this property as a joint tenant? Yes If the transfer was through the medium of a trust, you must attach a copy of the trust. Print name(s) of child(ren) of transferor(s)/seller(s) who is(are) the parent(s) of transferee(s) (grandchild): _______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________ CERTIFICATION I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing and any accompanying statements are true and correct to the best of my knowledge and that I am the grandparent (or their legal representative)of the transferees listed in Section C. I knowingly am granting this exclusion and will not file a claim to transfer the based year value of my principal residence under Revenue and Taxation Code section 69.5. SIGNATURE OF TRANSFEROR OR LEGAL REPRESENTATIVE DATE DATE DAYTIME PHONE NUMBER SIGNATURE OF TRANSFEROR OR LEGAL REPRESENTATIVE MAILING ADDRESS ( CITY, STATE, ZIP ) EMAIL ADDRESS (Please complete applicable information on reverse side) THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION American LegalNet, Inc. www.FormsWorkFlow.com BOE -58-G (P2) REV. 13 (06-11) C. TRANSFEREE(S)/BUYER(S) (GRANDCHILD) (Additional Transferees Please Complete "C" Below) 1. Print full name(s) of transferee(s)__________________________________________________________________________ Family relationship(s) to transferor(s)_______________________________________________________________________ If adopted, age at time of adoption_________ Adopted by whom? _______________________________________________ 2. Parent: Name of direct descendent of grandparent (son or daughter)_____________________________________________ Date of death of direct descendent:_____________________________________________________________________ (Direct descendent must be deceased in order to qualify for this exclusion. Please provide death certificate.) Social security number of direct descendent: ________ - ________ - ________ The disclosure of social security numbers is mandatory as required by Revenue and Taxation Code Sec. 63.1. (See Title 42 United State Code, Sec. 405(c)(2(C)(i) which authorizes the use of social security numbers for identification purposes in the administration of any tax.) A foreign national who cannot obtain a social security number may provide a tax identification number issued by the Internal Revenue Service. The numbers are used by the Assessor and the state to monitor the exclusion limit. . a. b. Was deceased parent married or in a registered domestic partnership (registered means registered with the California Secretary of State) as of the date of death? Yes No Is the spouse or registered domestic partner of the deceased partner a (check one): Parent of the grandchild (go to question c). Stepparent of the grandchild (a stepparent to the grandchild need not be deceased in meeting the condition that "all of the parents" of the grandchild must be deceased) ( go to question 3). Had surviving spouse/partner remarried or entered into a registered domestic partnership as of the date of purchase or transfer? Yes No If yes, date of marriage or registration of the domestic partner must have occurred prior to the date of purchase or transfer to qualify for exclusion. Date o
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