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The present tax (“Base Tax”) is computed based on the consideration or value of the real property interest conveyed at a rate of 0.45%. The special tax under Measure ULA (“ULA Tax”) imposes an additional tax on top of the Base Tax.
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 · The tax rate for the ULA Tax is (i) 4% when the consideration or value of the interest or property conveyed exceeds $5 million but is less than $10 million, and (ii) 5.5% when the consideration or value is $10 million or more. The foregoing thresholds will be adjusted annually based on inflation.
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.
31 mar 2023 · Beginning April 1, 2023, the new law will impose a 4% tax on all residential and commercial properties that are transferred or sold for more than $5 million but less than $10 million, and a 5.5% tax for all such properties transferred or sold for $10 million or more.
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. Measure ULA was approved by voters and became a legally binding ordinance on April 1, 2023. [1]
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.
