Revenue Form No 84 0001b
What makes the revenue form no 84 0001b legally binding?
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People also ask
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How much is Washington state excise tax?
Washington state residents and nonresidents should prepare for the new excise tax, a revenue raiser to fund educational efforts. Effective January 1, 2022, Washington State Department of Revenue (“Department”) implemented a new 7% excise tax on long-term capital gains for individuals.
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What is a controlling interest transfer return in Washington state?
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 state, a controlling interest transfer return must be filed within five days of the completed transfer.
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What is the reet tax in Washington state?
The REET is a percentage of the sale price of the property, and the exact rate varies depending on the location of the property and the type of sale. For most residential properties, the REET is between 1.1% and 3% of the sale price. The rate is tiered so more expensive properties have a higher tax rate.
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What is the form for controlling interest transfer in Washington state?
Controlling Interest Transfer Return (Use Form No. 84-0001A for reporting transfers by deed or real estate contract to the county treasurer/recorder of the county in which the real property is located.)
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Who has to pay excise tax in Washington state?
Washington's excise taxes apply to all business activities conducted in the state. Corporations, partnerships, sole proprietorships, joint ventures, nonprofit organizations, limited liability organizations, etc., conducting business in this state are all subject to these taxes, even if they do not have an office here.
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What is a controlling interest transfer in Washington state?
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 state, a controlling interest transfer return must be filed within five days of the completed transfer.
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