Proposition 19 – Webinar

Proposition 19 altered the landscape for transferring one’s property tax base to another property or person. A very favorable aspect of Prop. 19 is the expansion of the right of a senior homeowner to transfer an advantageous property tax base from the owner’s existing principal residence to a replacement residence purchased within 2 years of the sale of the old. Some would argue that the favorable expansion of the replacement residence rules is balanced by the greater restrictions imposed on the ability of a parent/grandparent to transfer an existing tax base to a child/grandchild along with the transfer of the elder’s principal residence or other property. Join C.A.R. attorney Neil Kalin, and maybe others, to learn more about the impact of Proposition 19 such as: When it becomes effective; What new rules apply; How to calculate the new tax base; What questions remain; and What this all could mean to you. Tuesday, March 9, 2021 at 1:30 p.m. Register here.