California Revenue and Taxation Code

§ 63.1

RTC § 63.1 Effective Jan 1, 2026Div. 1 · Part 0.5 · Ch. 2

Statute text

(a)Notwithstanding any other provision of this chapter, a change in ownership shall not include the following purchases or transfers for which a claim is filed pursuant to this section:

(1)(A) The purchase or transfer of real property which is the principal residence of an eligible transferor in the case of a purchase or transfer between parents and their children.

(B)A purchase or transfer of a principal residence from a foster child to the child’s biological parent shall not be excluded under subparagraph (A) if the transferor child received that principal residence, or interest therein, from a foster parent through a purchase or transfer that was excluded under subparagraph (A).

…

Legislative history

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