My house is on leased land. Can it be donated?+
Tell us and we will read the lease. What you hold is a leasehold interest with a stated expiry, and transfers of allotment leases go through the lessor and require federal approval, which takes time. It is a longer route than a fee transfer and not a closed one. The remaining term is the first thing we look at.
Is a donated deed subject to transfer tax here?+
Riverside County charges California documentary transfer tax at $0.55 per $500 of consideration. Transfers without consideration are treated differently, and we confirm the treatment before recording. Where the tax falls on the grantee, we pay it.
I live outside California. Do I have to come to Palm Springs to sign?+
No. We prepare the deed in the form California requires, you sign before a notary where you live, and we record it with the Riverside County Recorder.
The HOA has levied a large assessment. Does that end it?+
No. It is a number we weigh against what the unit is worth once the work is done. Send the association’s notice with the deed rather than leaving it to come out later.
Does California give a state deduction for a property donation?+
California has a personal income tax, and how it treats a charitable contribution is set by California law rather than by us. Your federal deduction follows the usual IRS rules. Take the state question to your own advisor.
We do not provide tax or legal advice. State and local transfer tax rules change; we confirm current requirements when we prepare each deed. Consult your own advisor.