Form P-64B, Exemption from Conveyance Tax Explained

Form P-64B, Exemption from Conveyance Tax Explained

The State of Hawaii collects a transfer tax on all filings or recordings with the Bureau of Conveyances. But there are exclusions. Transfers in and out of a trust are exempt. To obtain the exclusion, either the Grantor or the Grantee completes Form P-64B, ‘Exemption from Conveyance Tax’ and submits the form with the quit claim deed.

 

Posted on Jan 14, 2014

Number of timeshares in Hawaii

Most timeshare units are divided into one week timeshares. There are 10,201 timeshares. Assuming each timeshare unit has 50 timeshare owners, the math implies today there are about 500,000 individual owners of Hawaiian timeshares.

Islands with resorts

    • Hawai’i Island
    • Kaua’i
    • Maui
    • Moloka’i
    • O’ahu
Posted on Feb 5, 2013

Hawaii’s Bureau of Conveyances

Hawaii is the only state in the nation with a single statewide recording office. There are two systems of recording in the State of Hawaii, the “Land Court” and the “Regular System.” The Regular System basically serves to give “notice” that something is on record. The Regular System is similar to the recording by county found in the other states. The Land Court issues certificate of titles to owners of land. Ownership in Land Court is guaranteed by the State of Hawaii.

A conveyance tax is imposed on all transfers of ownership or interest in real property through deed unless the transfer is specifically exempted. Transfers into living trusts, transfers due to divorce and gifted timeshares are exempt.

As of July 1, 2011, the Land Court will not accept any document affecting timeshare ownership. All timeshares are to be recorded in the Regular System with the Bureau of Conveyances.

Posted on Nov 10, 2012

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