Claim For Transfer Of Base Year Value From Qualified Contaminated Property To Replacement Property {BOE-65-CP}

BOE-65-CP, CLAIM FOR TRANSFER OF BASE YEAR VALUE FROM QUALIFIED CONTAMINATED PROPERTY TO REPLACEMENT PROPERTY (Section 69.4 of the Revenue and Taxation Code), California law allows an owner of a qualified contaminated property to transfer the base year value of that property to a comparable replacement property of equal or lesser value that is acquired or newly constructed after January 1, 1995. In addition, a replacement property must meet all of the following requirements: (1) It must have been acquired or newly constructed within five (5) years after the date of the sale or transfer; (2) it must be used in the same manner as the qualified contaminated property; and (3) a claim for relief must be filed within three (3) years after the replacement property is acquired or newly constructed. Both the original property and the replacement property must be located in the same county. If not, the county in which the replacement property is located must have a resolution authorizing intercounty transfers under this code section. EF-65-CP-R03-0519-49000007-1, BOE-65-CP (FRONT) REV. 3 (05-19). www.FormsWorkflow.com