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The real property transfer tax is an excise tax on the privilege of selling a real property interest, not a tax on the property itself, and is calculated on the consideration or value of the real property interest conveyed.
6 wrz 2024 · Nearly two years ago, voters in Los Angeles approved Measure ULA, increasing taxes on the sale of multimillion-dollar properties with the aim of raising hundreds of millions of dollars each...
6 lip 2023 · Although the ULA Tax is sometimes misleadingly advertised and referred to as a “mansion tax,” it applies to both residential and commercial real estate transactions. The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles. San Francisco, Culver City, Santa Monica, and ...
21 mar 2023 · Key takeaway. For these uniquely situated properties, parties should be prepared to present support for their determination of the portion of the property located within the City and thereby subject to its real property transfer tax (ie, the current city documentary transfer tax and the Mansion Tax, if applicable).
8 lis 2022 · In this election, Measure ULA asked voters in the city of L.A. to pass a new tax on the sale of multi-million dollar properties to fund affordable housing and homelessness prevention efforts.
24 wrz 2024 · Despite being widely described as L.A.’s “mansion tax,” recent data show most of the revenue from voter-approved Measure ULA is coming from buildings that are not mansions.
1 kwi 2024 · The transfer tax, formally known as Measure ULA, levies a 4% charge on all property sales above $5 million and a 5.5% charge on sales above $10 million, with proceeds funding affordable...
