(A) Any tax imposed pursuant to this subchapter shall not apply with respect to any deed, instrument or writing to a beneficiary or mortgagee, which is taken from the mortgagor or trustor as the result of or in lieu of foreclosure, provided, that tax shall not apply to the extent that the consideration exceeds the unpaid debt, including accrued interest and cost of foreclosure. Consideration, unpaid debt amount and identification of grantee as beneficiary or mortgagee shall be noted on the deed, instrument or writing or stated in an affidavit or declaration under penalty of perjury for tax purposes.
(B) Any tax imposed pursuant to this subchapter shall not apply with respect to any deed, instrument or other writing which purports to transfer, divide or allocate community, quasi-community or quasi-marital property assets between spouses for the purpose of effecting a division of community, quasi-community or quasi-marital property pursuant to Cal. Rev. & Tax. Code § 11927.
('61 Code, § 20.27) (Ord. 500, passed - - ; Am. Ord. 1036, passed - - )