otr

Office of Tax and Revenue
 

DC Agency Top Menu

The Office of Tax and Revenue Reopens Walk-In Center and Recorder of Deeds Office for In-Person Services on October 4. Learn more here.
In-person appointments can be made by clicking here.
Certificate of Clean Hands: Obtaining a Certificate of Clean Hands is a simple process by visiting MyTax.DC.gov.

-A +A
Bookmark and Share

Co-op Housing and Property Transferred to a Trust

To qualify for the Homestead Deduction in the case of a cooperative housing association, the unit must be occupied by the shareholder (or member) as his/her principal residence (domicile), and the benefit is granted to the cooperative (which will supply and collect the applications).

In the case of property transferred to a trust, the property may qualify for the Homestead benefit if:

The property was eligible for the Homestead benefit before the transfer;

  • The property is transferred to a revocable trust;
  • The transfer is not for money (or other consideration); and
  • The property remains the principal place of residence of the applicant/transferor/trustor before and after the transfer.