CA Affidavit of Exemption from Documentary Transfer Tax - County of San Joaquin 2022-2025 free printable template

This document is used to declare exemptions from the Documentary Transfer Tax when recording a property transfer, detailing various exemptions and requiring completion before recording.

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, either online or from your local government office.
2. Fill in the property address in the designated field.
3. Indicate the type of transaction that qualifies for exemption by checking the appropriate box.
4. Provide the name and contact information of the grantor (seller) and grantee (buyer).
5. Describe the exemption reason in detail, ensuring it aligns with the qualifying criteria.
6. Review the completed form for accuracy and completeness.
7. Sign and date the affidavit where indicated.
8. Submit the completed affidavit along with any required documents to the county recorder's office.

Who needs CA Affidavit of Exemption from Documentary Transfer Tax?

1. Individuals or entities engaged in property transactions that meet specific exemption criteria under California law.
2. Sellers and buyers of real estate who qualify for exemption from paying documentary transfer taxes.

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 payment of documentary transfer taxes when transferring property.

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

Parties involved in a property transfer that qualify for an exemption from documentary transfer taxes, such as certain government entities or non-profit organizations, are required to file this affidavit.

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

To fill out the CA Affidavit, the filer must provide their name, the nature of the transaction, the reason for the exemption, and any necessary supporting documentation to substantiate the claim.

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

The purpose of the CA Affidavit of Exemption is to formally document and justify a request to waive the documentary transfer tax on property transfers that meet specific criteria for exemption.

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

The affidavit must report the parties involved in the transaction, the description of the property, the type of transaction, the exemption claimed, and any relevant dates.