Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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B

200.0000 BASE YEAR VALUE TRANSFER

(a) BASE YEAR VALUE TRANSFER – PRINCIPAL RESIDENCE

Annotation 200.0030

200.0030 Exchange. The transfer of an original property for a replacement dwelling in an Internal Revenue Code section 1031 exchange constitutes a sale of the original property for purposes of Revenue and Taxation Code section 69.5. Thus, the exchange would qualify for relief under that section provided all other requirements are met. C 8/11/2003.