Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
625.0000 PARENT-CHILD TRANSFER
625.0141 One Million Dollar Exclusion Limit. When real properties are transferred between a parent and a child, the deed presumption contained in Property Tax Rule 462.200 applies to the issue of the nature of the ownership interests transferred. A child claiming that a parent owned only a portion of the properties transferred rather than 100 percent of them, as indicated by the recorded deeds, and thus, has not used the parent's entire $1,000,000 exclusion, has the burden of proving that claim to the assessor. The evidence required by Evidence Code section 662 is evidence that is clear and convincing. C 6/17/2002.