California · Revenue and Taxation Code - RTC

RTC §60: A “change in ownership” means a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest.

What this law says, in plain English

This statute defines 'change in ownership' as a transfer of a present interest in real property, including beneficial use, when the value substantially equals the fee interest value.

Read the full statutory text

A “change in ownership” means a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.