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A: Yes, Measure ULA does provide exemptions for the ULA Tax. The ULA Tax will be not be applicable on documents that convey real property within the City of Los Angeles if the transferee is described under newly added sections 21.9.14 and 21.9.15 of the Los Angeles Municipal Code (“LAMC”).
6 wrz 2024 · The tax imposes a 4% charge on property sales above $5.1 million and a 5.5% charge on sales above $10.3 million.
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).
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 The ULA Tax went into effect on April 1, 2023, and will remain in effect until repealed by the people of the City of Los Angeles.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 ...
Measure United to House Los Angeles (ULA) was passed by the voters of Los Angeles in November 2022. It enacted an additional documentary transfer tax of 4% on real estate transactions valued over $5 million and under $10 million.
16 gru 2023 · Measure ULA, the “Mansion Tax” or the “Homelessness and Housing Solutions Tax,” voted on the November 2022 ballot, aimed to raise taxes on property sales exceeding $5 million within the City of Los Angeles.
30 sty 2024 · However, in November 2020, voters passed Measure ULA, a so-called “LA mansion tax,” which created an additional transfer tax rate on top of the existing tax rate for sales of commercial and residential property over a certain value on or after April 1, 2023.
