REAL ESTATE EXCISE TAX ‑- APPLICATION TO CONVEYANCE BY HUSBAND AND WIFE TO A CORPORATION FORMED UNDER A PROPERTY SETTLEMENT AGREEMENT IN EXCHANGE FOR CAPITAL STOCK OF THE CORPORATION. The real estate excise tax applies to a conveyance to a corporation by a husband and wife under a property settlement agreement which provides that a corporation be set up under the laws of the State of Washington and all community property be exchanged for the capital stock, divided as their interest appeared in the property.