Re: CA non-disclosure of transfer R & T Code 11932

1-5-2015
Here is an UPDATE to this issue.. We JUST found out when
we went to record a Grant Deed in the New Year.

You now MUST disclose a Transfer Tax "amount"....

Anyone submitting a document for recording can no longer
“hide” its associated transfer tax from the public records
by use of a separately attached declaration. Presently,
Section 11932 of the California Revenue and Taxation Code
provides an option permitting that the amount of transfer
tax due for a taxable document not be disclosed on public
record but, rather, declared in a separate paper attached
thereto when presented for recording.

Pursuant to Assembly Bill 1888 of 2014, effective
January 1, 2015, Section 11932 is amended to repeal this
option, thereby requiring that all documentary transfer
tax declarations thereafter must be included in taxable
documents and become part of the public record.

This post is for informational purposes only.