CA Affidavit of Exemption from Documentary Transfer Tax - County of San Joaquin 2010 free printable template

COUNTY OF SAN JOAQUIN ASSESSOR RECORDER COUNTY CLERKAFFIDAVIT OF EXEMPTION FROM DOCUMENTARY TRANSFER TAX THIS FORM MUST BE COMPLETED IN FULL AND FILED WITH THE DOCUMENT AT THE TIME OF RECORDINGNOTICE:

How to fill out CA Affidavit of Exemption from Documentary Transfer Tax

How to fill out CA Affidavit of Exemption from Documentary Transfer Tax

1. Obtain the CA Affidavit of Exemption from Documentary Transfer Tax form from the official county website or office.
2. Read the instructions carefully to understand the requirements for filing the affidavit.
3. Fill in the property address accurately in the designated section of the form.
4. Provide the names of the parties involved in the transfer, including the buyer and seller.
5. Specify the reason for claiming the exemption by checking the appropriate box and providing a brief explanation if required.
6. Include any relevant details that support the exemption, such as the type of transaction (e.g., gift, transfer between family members).
7. Sign and date the affidavit, ensuring to include your printed name.
8. Submit the completed affidavit to the appropriate county office where the property is located, either in person or by mail.

Who needs CA Affidavit of Exemption from Documentary Transfer Tax?

1. Anyone who is transferring property in California and believes they qualify for an exemption from the documentary transfer tax.
2. Individuals who are transferring property as a gift, or to family members, may need to complete this affidavit.
3. Real estate professionals handling transactions on behalf of clients that meet exemption criteria.

People Also Ask about

What is the Los Angeles County Declaration of Documentary transfer tax?

In addition to the Countywide documentary transfer tax of $1.10 per $1,000.00 an additional City documentary transfer tax has been imposed on all documents that convey real property within the cities of Culver City, Los Angeles, Pomona, Redondo Beach and Santa Monica (R&T 11911C).

What is the documentary transfer tax in Los Angeles?

Effective April 1, 2023, a new documentary-transfer tax will be imposed on residential and commercial real-property sales and transfers within the City of Los Angeles where the consideration or value is greater than $5 million.

How much is documentary transfer tax in California?

California's Revenue and Taxation Codes calls for the payment of a County Documentary Transfer Tax on the value of all real property of which ownership is being transferred. All counties have the same tax amount, which is 0.11% of the value.

What is the affidavit of transfer tax in San Francisco?

The purpose of this form is to explain the nature of the transaction and to determine if the transfer is taxable. Transfer tax is based on the purchase price if it is a purchase. Otherwise, it is based on the fair market value of the property being transferred.

What is documentary transfer tax in California?

The Documentary Transfer Tax (DTT) imposes a tax on each deed, instrument, or writing by which any lands, tenements, or any other realty sold, shall be granted, transferred, or otherwise conveyed to another person. The State Revenue and Taxation Code 11902 - 11934 governs this tax.

Who pays documentary transfer tax in California?

The payment of the transfer tax can be negotiated between the Buyer and the Seller. Normally, in Southern California, the Seller pays. In Northern California, the Buyer pays.

How is the documentary transfer tax calculated in California?

How much is the Documentary Transfer Tax? It depends on the location of the property. The County Transfer Tax is a standard of $1.10 per $1,000 of the sales price throughout the State. However, there are certain cities that also collect their own City Transfer Tax and those differ.

What is the declaration of documentary transfer tax in California?

The City documentary transfer tax rate is computed on consideration or value of the property conveyed, exclusive of existing liens and encumbrances, and is added to the Countywide $1.10 per $1,000.00 documentary transfer tax.

What is the transfer tax in San Francisco?

Transfer Tax If entire value or consideration is Tax rate for entire value or consideration is More than $250,000 but less than $1,000,000$3.40 for each $500 or portion thereof$1,000,000 or more but less than $5,000,000$3.75 for each $500 or portion thereof4 more rows

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What is CA Affidavit of Exemption from Documentary Transfer Tax?

The CA Affidavit of Exemption from Documentary Transfer Tax is a legal document used in California to claim an exemption from the documentary transfer tax when transferring property. It is typically used in transactions that meet specific criteria outlined in California Revenue and Taxation Code.

Who is required to file CA Affidavit of Exemption from Documentary Transfer Tax?

The party responsible for filing the CA Affidavit of Exemption from Documentary Transfer Tax is generally the property transferor or their representative. This includes individuals or entities involved in property transfers that qualify for an exemption from the documentary transfer tax.

How to fill out CA Affidavit of Exemption from Documentary Transfer Tax?

To fill out the CA Affidavit of Exemption from Documentary Transfer Tax, you need to provide details such as the property address, the names of the parties involved, the nature of the exemption being claimed, and any relevant identification numbers. Make sure to review the specific instructions that accompany the form to ensure accurate completion.

What is the purpose of CA Affidavit of Exemption from Documentary Transfer Tax?

The purpose of the CA Affidavit of Exemption from Documentary Transfer Tax is to formally declare and document a claim for exemption from the payment of documentary transfer taxes associated with a property transfer. This helps reduce unnecessary financial burdens on qualifying transactions.

What information must be reported on CA Affidavit of Exemption from Documentary Transfer Tax?

The information that must be reported on the CA Affidavit of Exemption from Documentary Transfer Tax includes the property address, the names and addresses of the parties involved, the specific exemption being claimed, and any additional details necessary to substantiate the exemption claim.