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Self-Paced Online

Allocation of the Million Dollar Exclusion and How to Lose at the Assessor’s Office

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Date Published

September 1, 2020

Publisher

San Diego County Bar Association

Subjects

Tax Law

Questions

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Summary

Currently, children may file a Claim for Reassessment Exclusion for a Transfer Between Parent and Child for the entire assessed value of their parent’s personal residence.

Real property owned by the parents, other than their residence, may only be excluded from reassessment up to $1,000,000. Revenue & Taxation Code 63.1(a)(2). This webinar discusses ways to maximize and apply the $1,000,000 exclusion. Key take-aways include: Allocation of the $1,000,000 exclusion to appreciating properties; How to utilize both parents’ $1,000,000 exclusion amounts; Dealing with multiple properties and when some are located in other counties; How the assessor treats entities such as trusts; Filing requirements, filing period, retroactive and prospective relief; Common mistakes – how to lose at the Assessor’s Office.

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Presenters

Robert Gomez
Division Chief of Assessment Services - San Diego County Assessor

From February 1999 to November 2015 Robert worked for the Orange County Assessor Department as the Change in Ownership... Read More

Alleda Harrison, Esq.
Attorney - Chair of the Tax Appeals Board

Alleda Harrison is an attorney as well as a real estate broker. As a licensed California attorney for over 20 years she has... Read More

DeEtte Loeffler, JD, LL.M.
Partner - Miller, Monson, Peshel, Polacek & Hoshaw

DeEtte Loeffler is a partner in the law firm of Miller, Monson, Peshel, Polacek & Hoshaw (“MMMPH”). She received her BA... Read More

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Program Titles and Supporting Materials

This program contains the following components:

Allocation of the Million Dollar Exclusion and How to Lose at the Assessor’s Office - Video
Allocation of the Million Dollar Exclusion and How to Lose at the Assessor’s Office - Paper
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Credit

If applicable, you may obtain credit in multiple jurisdictions simultaneously for this program (see pending/approved list below). If electing credit for this program, registrants in jurisdictions not listed below will receive a Certificate of Completion that may or may not meet credit requirements in other jurisdictions. Where applicable, credit will be only awarded to a paid registrant completing all the requirements of the program as determined by the selected accreditation authority.

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How to Attend

Join the self-paced program from your office, home, or hotel room using a computer and high speed internet connection. You may start and stop the program at your convenience, continue where you left off, and review supporting materials as often as you like. Please note: Internet Explorer is no longer a supported browser. We recommend using Google Chrome, Mozilla Firefox or Safari for best results.

Technical Requirements
You may access this course on a computer or mobile device with high speed internet (iPhones require iOS 10 or higher). Recommended browsers are Google Chrome or Mozilla Firefox.

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