California Revenue and Taxation Code 60 – A “change in ownership” means a transfer of a present interest in …
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A “change in ownership” means a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest.
(Added by Stats. 1979, Ch. 242.)
Terms Used In California Revenue and Taxation Code 60
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.