Boe 58 Ah Form PDF Details

The comprehensive aspect of the BOE-58-AH form serves as a pivotal interface in the ambitious endeavor of managing real estate assessments within California, enabling an essential tax exclusion under specific familial transfer conditions. This form, officially recognized as the Claim for Reassessment Exclusion for Transfer Between Parent and Child, encompasses a meticulously designed layout to facilitate the accurate documentation and submission of pivotal information related to property ownership transfers from parents to children or vice versa. It ensures that eligible transfers do not result in an increased property tax assessment, maintaining the property's taxable value as if the transfer had not occurred, provided specific criteria are met. With sections meticulously delineated for the disclosure of detailed information—from the assessor’s parcel number, property address, and intricate specifics concerning the transfer to requisite certifications by both transferor and transferee—the form underscores the mandatory disclosure of social security numbers to safeguard adherence to taxation laws. Additionally, it clarifies the permissible exemptions surrounding the principal residence and delimits the scope of eligibility, including adopted children and the complex scenarios involving joint tenancy and partial interest transfers. The document emphasizes the importance of timely filing, spelling out precise timelines to uphold eligibility for the exclusion and detailing the procedural nuances, such as the needs for attaching wills, trust documents, and handling of transfers exceeding valuation thresholds. Moreover, outlining potential implications for failing to comply with filing requirements, the BOE-58-AH form symbolizes a critical tool in the conscientious navigation of property tax obligations amidst the delicate terrain of parental and filial property transfers in California.

QuestionAnswer
Form NameBoe 58 Ah Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesboe 58 ah, reassessment exclusion, boe form ah 58, reassessment exclusion parent child

Form Preview Example

BOE-58-AH (P1) REV. 18 (06-17)

CLAIM FOR REASSESSMENT EXCLUSION FOR

TRANSFER BETWEEN PARENT AND CHILD

NAME AND MAILING ADDRESS

(Make necessary corrections to the printed name and mailing address.)

Kristen Spears, Placer County Assessor

2980 Richardson Drive Auburn, CA 95603-2640

Phone: (530) 889-4300

Email: assessor@placer.ca.gov

A. PROPERTY

ASSESSOR’S PARCEL NUMBER

PROPERTY ADDRESS

 

CITY

 

 

 

RECORDER’S DOCUMENT NUMBER

 

DATE OF PURCHASE OR TRANSFER

 

 

 

PROBATE NUMBER (if applicable)

DATE OF DEATH (if applicable)

DATE OF DECREE OF DISTRIBUTION (if applicable)

 

 

 

The disclosure of social security numbers is mandatory as required by Revenue and Taxation Code section 63.1. [See Title 42 United

States Code, section 405(c)(2)(C)(i) which authorizes the use of social security numbers for identiication purposes in the administration of any tax.] A foreign national who cannot obtain a social security number may provide a tax identiication number issued by the Internal Revenue

Service. The numbers are used by the Assessor and the state to monitor the exclusion limit.

B.TRANSFEROR(S)/SELLER(S) (additional transferors please complete “C” on the reverse)

1.Print full name(s) of transferor(s)

2.Social security number(s)

3.Family relationship(s) to transferee(s) If adopted, age at time of adoption

4.

Was this property the transferor’s principal residence?

Yes

No

 

 

If yes, please check which of the following exemptions was granted or was eligible to be granted on this property:

 

Homeowners’ Exemption

Disabled Veterans’ Exemption

 

 

5.

Have there been other transfers that qualiied for this exclusion?

Yes

No

If yes, please attach a list of all previous transfers that qualiied for this exclusion. (This list should include for each property: the County,

Assessor’s parcel number, address, date of transfer, names of all the transferees/buyers, and family relationship. Transferor’s principal residence must be identiied.)

6.

Was only a partial interest in the property transferred?

Yes

No If yes, percentage transferred

 

%

7.

Was this property owned in joint tenancy?

Yes

No

 

 

 

8.If the transfer was through the medium of a will and/or trust, you must attach a full and complete copy of the will and/or trust and all amendments.

CERTIFICATION

I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and that I am the parent or child (or transferor’s legal representative) of the transferees listed in Section C. I knowingly am granting this exclusion and will not file a claim to transfer the base year value of my principal residence under Revenue and Taxation Code section 69.5.

SIGNATURE OF TRANSFEROR OR LEGAL REPRESENTATIVE

PRINTED NAME

DATE

 

t

 

 

 

SIGNATURE OF TRANSFEROR OR LEGAL REPRESENTATIVE

PRINTED NAME

DATE

 

t

 

 

 

MAILING ADDRESS

 

DAYTIME PHONE NUMBER

 

 

(

)

 

 

 

CITY, STATE, ZIP

 

EMAIL ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

(Please complete applicable information on reverse side.)

THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION

BOE-58-AH (P2) REV. 18 (06-17)

C.TRANSFEREE(S)/BUYER(S) (additional transferees please complete “C” below)

1.Print full name(s) of transferee(s)

2.Family relationship(s) to transferor(s) If adopted, age at time of adoption

If stepparent/stepchild relationship is involved, was parent still married to or in a registered domestic partnership (registered means

registered with the California Secretary of State) with stepparent on the date of purchase or transfer?

Yes

No

If no, was the marriage or registered domestic partnership terminated by:

Death

Divorce/Termination of partnership

If terminated by death, had the surviving stepparent remarried or entered into a registered domestic partnership as of the date of purchase or transfer? Yes No

If in-law relationship is involved, was the son-in-law or daughter-in-law still married to or in a registered domestic partnership with the

daughter or son on the date of purchase or transfer?

Yes

No

 

 

If no, was the marriage or registered domestic partnership terminated by:

Death

Divorce/Termination of partnership

If terminated by death, had the surviving son-in-law or daughter-in-law remarried or entered into a registered domestic partnership as of

the date of purchase or transfer?

Yes

No

3.ALLOCATION OF EXCLUSION (If the full cash value of the real property transferred exceeds the one million dollar value exclusion, the transferee must specify on an attachment to this claim the amount and allocation of the exclusion that is being sought.)

CERTIFICATION

I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and that I am the parent or child (or transferee’s legal representative) of the transferors listed in Section B; and that all of the transferees are eligible transferees within the meaning of section 63.1 of the Revenue and Taxation Code.

SIGNATURE OF TRANSFEREE OR LEGAL REPRESENTATIVE

PRINTED NAME

DATE

 

t

 

 

 

MAILING ADDRESS

DAYTIME PHONE NUMBER

 

 

(

)

CITY, STATE, ZIP

EMAIL ADDRESS

 

 

 

 

 

 

 

 

Note: The Assessor may contact you for additional information.

B. ADDITIONAL TRANSFEROR(S)/SELLER(S) (continued)

NAME

SOCIAL SECURITY NUMBER

SIGNATURE

RELATIONSHIP

C. ADDITIONAL TRANSFEREE(S)/BUYER(S) (continued)

NAME

RELATIONSHIP

BOE-58-AH (P3) REV. 18 (06-17)

CLAIM FOR REASSESSMENT EXCLUSION FOR TRANSFER BETWEEN PARENT AND CHILD

Revenue and Taxation Code, Section 63.1

IMPORTANT: In order to qualify for this exclusion, a claim form must be completed and signed by the transferors and a transferee and iled with the Assessor. A claim form is timely iled if it is iled within three years after the date of purchase or transfer, or prior to the transfer of the real property to a third party, whichever is earlier. If a claim form has not been iled by the date speciied in the preceding sentence, it will be timely if iled within six months after the date of mailing of a notice of supplemental or escape assessment for this property. If a claim is not timely iled, the exclusion will be granted beginning with the calendar year in which you ile your claim. Complete all of Sections A, B, and C and answer each

question or your claim may be denied. Proof of eligibility, including a copy of the transfer document, trust, or will, may be required. In situations where all information is not known by the due date, the parties should ile this claim with as much information as possible, and later amend the

claim with any revised information. PLEASE NOTE:

1.This exclusion only applies to transfers that occur on or after November 6, 1986;

2.In order to qualify, the real property must be transferred from parents to their children or children to their parents;

3.If you do not complete and return this form, it may result in this property being reassessed.

4.California law provides, with certain limitations, that a “change in ownership” does not include the purchase or transfer of:

The principal residence between parents and children, and/or

The irst $1,000,000 of the factored base year value of other real property between parents and children.

NOTE: Effective January 1, 2009, Revenue and Taxation Code Section 63.1(j) allows a county board of supervisors to authorize a one-time processing fee of not more than $175 to recover costs incurred by the county assessor due to the failure of an eligible transferee to ile a claim for

the parent-child change in ownership exclusion after two written requests have been sent to an eligible transferee by the county assessor.

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It's straightforward to finish the document following our helpful guide! This is what you have to do:

1. Firstly, while filling in the reassessment parent child, start with the form section that includes the subsequent blanks:

Part number 1 of filling in exclusion transfer

2. The next step would be to submit these blanks: If yes please check which of the, Homeowners Exemption, Disabled Veterans Exemption Have, Yes, If yes please attach a list of all, Was only a partial interest in, Yes, If yes percentage transferred, Was this property owned in joint, Yes, If the transfer was through the, CERTIFICATION, I certify or declare under penalty, PRINTED NAME, and DATE.

Stage no. 2 for filling out exclusion transfer

3. This stage is normally simple - fill out all the blanks in C TRANSFEREES BUYERS additional, Print full names of transferees, Family relationships to, If adopted age at time of adoption, If stepparentstepchild, Yes, If no was the marriage or, Death, DivorceTermination of partnership, If terminated by death had the, Yes, If inlaw relationship is involved, Yes, If no was the marriage or, and Death in order to complete this part.

Filling out section 3 of exclusion transfer

4. The subsequent paragraph will require your input in the subsequent places: MAILING ADDRESS, CITY STATE ZIP, DAYTIME PHONE NUMBER, EMAIL ADDRESS, Note The Assessor may contact you, B ADDITIONAL TRANSFERORS SELLERS, NAME, SOCIAL SECURITY NUMBER, SIGNATURE, RELATIONSHIP, C ADDITIONAL TRANSFEREES BUYERS, NAME, and RELATIONSHIP. Be sure to type in all of the required information to go onward.

Part no. 4 in submitting exclusion transfer

5. Now, this last segment is what you have to wrap up prior to finalizing the PDF. The blank fields under consideration include the next: .

Step number 5 of submitting exclusion transfer

Be very attentive while completing this field and next field, as this is where many people make errors.

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