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  • How To Fill Out Real Estate Excise Tax Affidavit Controllling Interest Transfer Return Form Revenue

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Mail Completed Form To: Washington State Department of Revenue Special Programs Division PO Box 47464 Olympia, WA 98504-7464 Washington State Department of Revenue Real Estate Excise Tax Affidavit.

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Currently, the law imposes a uniform state tax rate of 1.28% of the value of real property triggered by either (1) the sale of real property or (2) the transfer of a controlling interest (50% or more) in an entity that owns Washington real property.

What is a controlling interest transfer? A controlling interest transfer occurs when there is a 50% or more change of ownership in an entity. If that entity owns real property in Washington, a controlling interest transfer return is required to be completed within 5 days of the completed transfer.

The controlling interest transfer tax is a tax imposed on the sale or transfer for consideration of a controlling interest in an entity, whether it is a corporation, partnership, association, trust, limited liability company, or other organization, where the entity owns, directly or indirectly, an interest in ...

Real estate transactions in Washington State will require the payment of a transfer tax, known locally as a Real Estate Excise Tax, or REET. The tax rate varies depending on the sales price, but it ranges from 1.1% to 3%, with higher valued homes having a higher rate.

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 much are transfer taxes in Washington? The REET in Washington State is: 1.1% on homes less than $500,000. 1.28% on homes between $500,000 and $1,500,000.

This return is used for reporting your business income, sales tax, and use tax.

Do I owe capital gains tax when I sell real estate? No. Washington's capital gains tax does not apply to the sale or exchange of real estate.

Do I owe capital gains tax when I sell real estate? No. Washington's capital gains tax does not apply to the sale or exchange of real estate.

Washington state levies a real estate excise tax (REET) on all property sales. This state tax rate is 1.28% of a property's full selling price.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232