California Revenue and Taxation Code

§ 20640.11

RTC § 20640.11Div. 2 · Part 10.5 · Ch. 3.5

Statute text

All amounts postponed pursuant to this chapter shall be due if any of the following occurs:

(a)The claimant ceases to occupy the residential dwelling as the principal place of residence, sells or otherwise disposes of his possessory interest, or the possessory interest agreement expires by its terms.

(b)The claimant dies. However, if the surviving spouse or another person eligible to postpone pursuant to this chapter continues to occupy the residential dwelling, then the postponed amounts shall not be due unless such person dies, or ceases to occupy the residential dwelling.

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Legislative history

Added by Stats. 1978, Ch. 576.