AGO Opinion Topics: TRANSFER REAL PROPERTY BETWEEN PARENT AND SUBSIDIARY CORPORATIONS

A transfer of an interest in real property by a parent corporation to a subsidiary corporation, or by a subsidiary corporation to a parent corporation, is not subject to the one percent real estate excise tax under chapter 28A.45 RCW where the transferee corporation does not issue or transfer stock certificates to the transferor corporation in exchange for the interest in real property thus transferred.