California Revenue and Taxation Code

§ 63.2

RTC § 63.2 Effective Jan 1, 2026Div. 1 · Part 0.5 · Ch. 2

Statute text

(a)Notwithstanding any provision of this chapter, beginning on and after February 16, 2021, a change in ownership shall not include, in whole or in part, any of the following purchases or transfers for which a claim is filed:

(1)The purchase or transfer of real property that is the principal residence of an eligible transferor in the case of a purchase or transfer between parents and their children or between grandparents and their grandchildren, if all of the parents, other than stepparents, of that grandchild or those grandchildren, who qualify as the children of the grandparents, are deceased as of the date of purchase or transfer.

(A)The transfer is required to be of a principal residence of the transferor, and become the principal residence of the transferee within one year of the transfer.

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Legislative history

Amended by Stats. 2025, Ch. 539, Sec. 2. (SB 293) Effective January 1, 2026.