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Proposition 19: Advanced Topics What Property Tax Laws it Changed, and What To Do Now

Brad Marsh, Co-Managing Shareholder of the San Francisco office and co-chair of the State and Local Tax (SALT) Practice, will discuss the timely implications of California Proposition 19. He and other panelists will discuss:

  • Transfer of property tax basis AND keep the step up for federal taxes (can it be done? If so, how. ) 
    • Issues in multigeneration transfers ((grand)parent to child; then parent to child) 
    • LLC transfers
    • Step transaction rule
    • Can you trust your assessor to respect prior guidance 
    • What do I put in my letter to client about risks of reassessment or losing step up, etc.