Proposition 19

A woman and man review paperwork at a kitchen table under the title Proposition 19 and Inherited Property for Co-Owning Siblings

Proposition 19 and Inherited Property for Co-Owning Siblings

When siblings inherit a parent’s California home, one sibling’s qualifying occupancy can preserve the Proposition 19 exclusion for all inherited shares, subject to the value cap and filing requirements. A later sibling buyout generally triggers reassessment of the share transferred.