Parent to Child Exclusion (Prop 58) / Grandparent to Grandchild Exclusion (Prop 193)
- The transfer of the principal place of residence and /or the first $1,000,000 of other real property between parents and their children can be excluded from reassessment if a proper application is filed. This can also apply for grandparent to grandchild transfers provided that all of the parents of the grandchild are deceased as of the date of the purchase or transfer.