What is the effective date of Proposition 58?

Proposition 58 applies to any transfer of real property between parent and child on or after November 6, 1986, and to transfers between spouses on or after March 1, 1975.

Show All Answers

1. How will Proposition 19 affect the Parent-Child Exclusion?
2. Does the first $1,000,000 in value represent the current market value, or the assessed value?
3. How many parent-child transfers of a principal residence may qualify under Proposition 58?
4. What is meant by child under Proposition 58?
5. What is the effective date of Proposition 58?
6. Which transfers of real property may qualify?
7. Who are the transferor and transferee?