The parent to child transfer of property tax base, was changed this year, due to Prop 19.

I’m looking to avoid tax issues on all fronts.

The tax code allows for the raising of the cost basis to the higher price, minimizing the capital gains taxes owed if the asset is sold later.

Based on a quick search, I did not see any governmental agencies addressing this particular question.LA county assessor says the child must make the received property his/her primary residence within 1 year, and must file a valid Home Owners property tax exemption. 

Thank goodness for tax deductions, right? 

Looking for a tax account that n KC area.Any recommendations? 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

With 1031 Exchange you are not paying any taxes.

We decided we'd like to transfer ownership to our children so we can help them avoid the new Proposition 19 law that requires property tax reassessment upon inheritance.

Does anyone know which states are similar to CA Prop 13...in terms of fixed increases in property assessment value for property tax and able to pass down the assessment value to children?