§12.10 - Clearing Title
| Jurisdiction | Washington |
§12.10 CLEARING TITLE
The real estate excise tax does not apply to quitclaim deeds given for the purpose of clearing title if no consideration is given. WAC 458-61A-215(1). Examples in the regulations for this exemption include a quitclaim deed given by an existing minority partner in a partnership and a quitclaim deed given by an heir to an estate. A deed from a developer to a homeowners association tranferring greenbelts, streets, or common areas in a development upon completion of the development and...
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