California Revenue and Taxation Code

§ 25125

RTC § 25125 Effective Sep 22, 1988Div. 2 · Part 11 · Ch. 17 · Art. 2

(a)Capital gains and losses from sales of real property located in this state are allocable to this state.

(b)Capital gains and losses from sales of tangible personal property are allocable to this state if:

(1)The property had a situs in this state at the time of the sale, or

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Legislative history

Amended by Stats. 1988, Ch. 1170, Sec. 2. Effective September 22, 1988. Operative January 1, 1989, by Sec. 3 of Ch. 1170.