Q: In California, can I transfer a property I own free and clear into a new LLC that I will own 100% of?
Would I be able to avoid paying a transfer tax or triggering a reappraisal of the property tax if done this way?
A: Any change of ownership will trigger the tax reassessment. the best way is to create a living trust and leave it there since a living trust doesn't change the nature os the ownership.
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