Revenue and Taxation Code section 24912

The basis of property shall be the cost of the property, except as otherwise provided in Chapter 8 (commencing with Section 24451), relating to corporate distributions and adjustments, and this chapter. The cost of real property shall not include any amount in respect of real property taxes which are treated under Section 24346 as imposed on a corporation.

Source: Section 24912, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24912. (updated Jan. 1, 1998; accessed Jun. 18, 2026).

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24912
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24916
24916.2
24917
24918
24919

Up to date

Verified:
Jun. 18, 2026

§ 24912's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24912

Original Source: Section 24912, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24912. (last accessed May 12, 2025).