I’m told I need an exemption code on my Iowa claim deed, but I don’t see one nor a place to put it. I’m transferring the property from myself to my trust. Guthrie county told me I need to put an exemption code on the form.
March 13, 2025
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Ok, thank you for clarifying.
In Iowa, when transferring property via a quitclaim deed, certain transactions are exempt from real estate transfer tax. To identify these exemptions, an exemption code must be included on the deed. This code indicates the specific reason the transaction is exempt from taxation.
Common Exemption Codes
The Iowa Department of Revenue outlines various exemption reasons. For instance, transfers between a person and their trust often qualify for an exemption. Specifically, Exemption 14 applies to deeds transferring property without actual consideration to a trust where the grantor and beneficiary are the same. However, it’s crucial to verify the exact exemption applicable to your situation.
Including the Exemption Code on Your Deed
While the standard quitclaim deed form may not have a designated space for an exemption code, you can include it by:
1. Adding a Statement: In the body of the deed, insert a clause stating:
“This transfer is exempt from real estate transfer tax pursuant to Iowa Code Section 428A.2, Exemption 15.”
2. Using an Attachment: Attach a separate document or cover sheet to the deed that declares the applicable exemption code and reason.
Next Steps
- Consult the Guthrie County Recorder’s Office: They can provide guidance on the preferred method for noting exemption codes. You can contact them at 641-747-3412 or visit their office at 200 N. 5th St., Guthrie Center, IA 50115.
- Review Iowa Code Section 428A.2: Familiarize yourself with the specific exemptions to ensure accurate application.
And I’ll be here for you if more questions come up along the way! Does that help?
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I’m told I need an exemption code on my quit claim deed, but I don’t see one nor a place to put it.
I understand your concern. Have you already filled out the quitclaim deed form?
Yes.
Are you working with a specific county or jurisdiction that requires an exemption code on the deed?
Guthrie County.
Is there anything else the Real Estate Lawyer should know before I connect you? Rest assured, they’ll be able to help with your exemption code issue.
No.
My name is Gurney, and I’m the attorney who will be assisting with your question. I’m happy to draw on my years of experience as an attorney and former prosecutor to offer some guidance.
What is the reason you’re seeking an exemption code for your quit claim deed?
Hi Gurney. I’m transferring from myself to my trust, so I didn’t put anything on the quit claim. The county told me I need to put an exemption code on the form.
Ok, thank you for clarifying.
In Iowa, when transferring property via a quitclaim deed, certain transactions are exempt from real estate transfer tax. To identify these exemptions, an exemption code must be included on the deed. This code indicates the specific reason the transaction is exempt from taxation.
Common Exemption Codes
The Iowa Department of Revenue outlines various exemption reasons. For instance, transfers between a person and their trust often qualify for an exemption. Specifically, Exemption 14 applies to deeds transferring property without actual consideration to a trust where the grantor and beneficiary are the same. However, it’s crucial to verify the exact exemption applicable to your situation.
Including the Exemption Code on Your Deed
While the standard quitclaim deed form may not have a designated space for an exemption code, you can include it by:
1. Adding a Statement: In the body of the deed, insert a clause stating:
“This transfer is exempt from real estate transfer tax pursuant to Iowa Code Section 428A.2, Exemption 15.”
2. Using an Attachment: Attach a separate document or cover sheet to the deed that declares the applicable exemption code and reason.
Next Steps
- Consult the Guthrie County Recorder’s Office: They can provide guidance on the preferred method for noting exemption codes. You can contact them at 641-747-3412 or visit their office at 200 N. 5th St., Guthrie Center, IA 50115.
- Review Iowa Code Section 428A.2: Familiarize yourself with the specific exemptions to ensure accurate application.
And I’ll be here for you if more questions come up along the way! Does that help?
Yes, I think it does. Taking a look at that code section now.
That’s it. Thank you.
