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Q: What is Measure ULA and how does it work? A: Measure ULA established the ULA Tax to fund affordable housing projects and provide resources to tenants at risk of homelessness.
6 lip 2023 · 1 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commercial real estate transactions. 2 The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles.
Measure ULA. It involves an increase in the real estate transfer tax for properties that sell for over $5 million. The measure’s proponents estimate that the program would raise approximately $923 million per year, which would be dedicated to constructing new affordable housing, preserving existing lower-cost
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).
Proposition ULA Highlights • Implements a tax on the sale or transfer of real property in the city of Los Angeles: • 4 percent tax on $5 million to $10 million sales and 5.5 percent tax on sales over $10 million. • Measures becomes law on Jan. 1, 2023, but does not impact transactions until April 1, 2023. Taxation based on close of es ...
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Measure ULA provides for an additional 4% tax on properties valued between $5,000,000 and $10,000,000, and an additional 5.5% tax on properties valued at over $10,000,000.
