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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Choose the smoothest route... Posted by Ward-CA- on February 20, 2010 at 7:03 AM In Reply to: Can Non-Registered General Partnership hold Title through THT partner posted by Gary on February 19, 2010 at 9:20 PM Gary, The most expeditious way to approach title issues is to avoid all potential glitches beforehand. So I would simply have the title holding trust (THT) deed the title of the property it holds into a CA general partnership to avoid the 3.3% advance withholding of state income tax, and then open your resale escrow. -----------Ward =============== : We are selling a property & its title is currently held by a THT (Living Trust). This THT is a partner with another person in a General Partnership. Are we subject to 3.5% CA Withholding? Do we need to deed it over to the GP to avoid it or just argue that the THT is acting on behalf of the GP since it's already part of it? : Thanks for your help on this Follow Ups: Re: Choose the smoothest route... jmac 12:49 AM, 02/20/10 (0) Re: Choose the smoothest route... Gary 8:01 AM, 02/20/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Gary, : The most expeditious way to approach title issues is to avoid all potential glitches beforehand. : So I would simply have the title holding trust (THT) deed the title of the property it holds into a CA general partnership to : avoid the 3.3% advance withholding of state income tax, and then open your resale escrow. : -----------Ward : =============== : : We are selling a property & its title is currently held by a THT (Living Trust). This THT is a partner with another person in a General Partnership. Are we subject to 3.5% CA Withholding? Do we need to deed it over to the GP to avoid it or just argue that the THT is acting on behalf of the GP since it's already part of it? : : Thanks for your help on this [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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