Revenue and Taxation Code - RTC
DIVISION 1. PROPERTY TAXATION [50 - 5911]
( Division 1 enacted by Stats. 1939, Ch. 154. ) PART 0.5. IMPLEMENTATION OF ARTICLE XIII A OF THE CALIFORNIA CONSTITUTION [50 - 100.96]
( Part 0.5 added by Stats. 1979, Ch. 242. ) CHAPTER 2. Change in Ownership and Purchase [60 - 69.6]
( Chapter 2 added by Stats. 1979, Ch. 242. ) 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.
(Added by Stats. 1979, Ch. 242.)