CA property tax effect of adding names to title then quitclaiming

is this a question? I think you are incorrect, with respect to such family members.

Sounds like an attempt to transfer ownership without triggering loss of Prop 13 benefits . . . ?????

(Although the transfer is in the opposite direction to what one might expect to be the more common case of interest, that is, parents to children.)

I'll watch with interest the responses to this query. Does this "add names, then quitclaim" technique also provide a way to play estate tax reduction games?

I would not attempt that without consulting a CA Real Estate tax lawyer first.

(Probably transferring a property from daughter to parent will result in a federal gift tax requardless of how it is done, but that is not the question you asked.)

California has several voter approved propositions governing property transfers and taxes. Prop 13 is the best known, but there are several others as well (prop 60 and 90 which probably don't apply here) and props 58 and 193 which deal with transfers between parents and children and grandparents and grand children respectively.

Prop 58 probably fits your situation and may allow a transfer without triggering an reassessment or tax increase if all parties (and the property) are qualified under prop 58 and the transfer is done properly.

Like I said, I would not try to do this without legal help.

"Gil Faver"

In article , "Gil Faver"

Prop 58 issue: Generally no. (See the other replies; they were more in depth)

GIFT TAX ISSUE: Yes - and possibly an estate tax issue when they die and as the beneficiary, you get it back.

Depends on the value of her home and if she's living in it at the time. Assuming it qualifies, CA property tax will not be increased AS LONG AS a request for exemption is filed within three years of the date of the transaction. If it's not filed the exemption is lost.

Same as above.

Stu