AMBRECHT & ASSOCIATES

PRACTICE AREAS RESOURCES SEMINARS

PERSONNEL CONTACTING US HOME

Resources Pertaining to California Real Property Taxation

Other Practice Areas:

Family Business Succession Planning

Asset Protection

Estates and Trusts

Businesses Organization and Transactions

Tax Litigation

California Real Property Taxation

The "change in ownership" rules stemming from California's Proposition 13 are complex and confusing to the general public and most lawyers and accountants, so we specialize to know these complexities.

Each estate plan, trust distribution scheme, business plan, and business transaction which pertains to interests in real property which has a low base year value can benefit from structuring the distribution or transaction to avoid reassessment, if at all possible. This is particularly true for business entities where transfers of stock or partnership interests could trigger reassessment of all of the real property owned by the business.

Actions taken today also might prevent a future reassessment based on future events (such as death of a parent or assignment of a partnership interest).

For comments about this web site, email green@taxlawsb.com
Photograph at upper left is Santa Ynez Valley from Figueroa Mtn., looking toward Santa Ynez Mtns., Santa Barbara County, CA. © D. Green, 1997.
This page updated June, 2008.
This page: www.taxlawsb.com/practice/PptyTax.htm