Form Boe-100-B (S1) - Statement Of Change In Control And Ownership Of Legal Entities Page 4
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10BOE-100-B-INST (S2B) REV. 4 (1-12)
STATE OF CALIFORNIA
BOARD OF EQUALIZATION
Item 4 (a-c): Indicate whether the transfer of ownership interests involved the identified situation or type of transfer.
Certain transfers of ownership interest in an entity do not result in the reassessment of the real property held by the entity
that has undergone a CIC under R&TC 64(c). The following are examples of transfers that pertain to item 4a, b, and c
which are not reassessible events.
a.
Interspousal and Registered Domestic Partner exclusions—refer to R&TC section 63 or 62(p).
EXAMPLE: John Smith and Francis Smith (husband and wife) own 100% of the voting stock of Smith Corporation.
John transfers all of his voting stock in the corporation to Francis so she now owns 100% interest in the
corporation. Transfer is excluded under R&TC section 63.
Note: The example above also applies to domestic partners registered with the California Secretary of State. Transfer is
excluded under R&TC section 62(p).
b.
Proportional Ownership Interest Transfer exclusion—refer to R&TC section 62(a)(2) and Rule 462.180(d)(4).
EXAMPLE: Individuals A and B transfer their respective interests in A&B Corporation (50%/50%) to A&B, LLC held
equally by individuals A and B. Transfer is excluded under R&TC section 62(a)(2) since ownership interest remained
proportionate. Note: Individuals A and B become “original co-owners” in A&B, LLC.
c.
Affiliated Group exclusion—refer to R&TC section 64(b) and Rule 462.180(b).
EXAMPLE: Green, Inc. owns 100% of the voting stock in Blue, Inc. and Red, Inc. The voting stock in Purple, Inc.,
which owns the real property, is held equally by Blue, Inc. and Red, Inc.
If Purple, Inc. merged into Red, Inc. the transaction would be excluded since all the corporations are a part of an
affiliated group under the control of Green, Inc.
Further information on the above exclusions is available in the Assessors’ Handbook Section 401 (pages 48 - 52) at
Documentation Required for b and c: Submit organizational charts that show the ownership interests in the entity
before and after the date it underwent a CIC or CIO. If an indirect change has occurred, identify all entities involved.
Item 5—Real Property Schedule (Table a and Table b): Identify the interest in real property (refer back to page 1 of the
instructions for the definition of interest in real property) in California owned or leased by the acquired legal entity (or any
legal entity(ies) under its ownership control) as of the date of the change in control.
SCHEDULE B
Item 1: Provide the date(s) of transfer(s) and a description of the transaction in which the real property(ies) was
transferred to the filing legal entity that was previously excluded from reassessment under R&TC section 62(a)(2), which
created the original co-owner status.
Item 2: Real Property Schedule (Table a and Table b): Identify the interest in real property (refer back to page 1 of
the instructions for the definition of interest in real property) in California owned (Table a) or leased (Table b) by the legal
entity that was previously excluded from reassessment pursuant to R&TC section 62(a)(2).
Item 3a: Provide a description of the transfer(s) that cumulatively resulted in a transfer of more than 50 percent of the
original co-owners’ interests in the filing legal entity, since the date original co-owner status was created. Refer back to
question 3 of the instructions for an example.
Item 3b: Provide the date(s) the original co-owner(s) transferred interest in the legal entity, name of the original co-
owner(s), percentage interest transferred by the original co-owner(s), name of the current owner(s) and the percentage
interest held by the current owner(s). Current owner(s) is a party(ies) that holds an ownership interest in the legal entity
after the date of the last transfer.
Item 4 (a-b): Indicate whether the transfer of ownership interests involved the identified situation or type of transfer.
Certain transfers of ownership interest in an entity do not result in the reassessment of the real property held by the entity
that has undergone a CIO under R&TC section 64(d). Refer back to Item 4 of Schedule A for examples of transfers that
pertain to Item 4a and 4b which are not reassessible events.
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