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Can a transfer of real property between grandparent and grandchild qualify for this exclusion?

April 26, 2017exclusion grandchild grandparent Property qualify transfer

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Can a transfer of real property between grandparent and grandchild qualify for this exclusion?

1 Answer

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On March 26, 1996 a constitutional amendment was approved by the voters (Proposition 193). This excludes transfers from grandparent to grandchild under the strict condition that both parents of the grandchild are deceased as of the date of transfer or purchase.