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Virginia Administrative Code
Title 1. Administration
Agency 80. Department of Veterans Services
Chapter 20. Surviving Spouses of Service Members Killed in Action Real Property Tax Exemption
12/26/2024

1VAC80-20-30. Full exemption; joint ownership trusts.

A. For purposes of this exemption, the full exemption is authorized when real property of any surviving spouse of a member of the armed forces killed in action is held in one of the following trusts: (i) held by a surviving spouse as a tenant for life, (ii) held in a revocable inter vivos trust over which the surviving spouse holds the power of revocation, or (iii) held in an irrevocable trust under which the surviving spouse possesses a life estate or enjoys a continuing right of use or support.

B. The exemption does not apply to any other forms of trust or any interest held under a leasehold or term of years.

Statutory Authority

§ 58.1-3219.11 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 35, Issue 2, eff. August 29, 2018.

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