The so-called “mansion tax” approved by Los Angeles voters in 2022 and effective April 1, 2023 (Measure ULA) is a misnomer. It establishes a new 4% documentary transfer tax on the sale of any real property priced or valued...more
4/13/2023
/ Commercial Leases ,
Estate Planning ,
Ground Leases ,
Leases ,
Limited Liability Company (LLC) ,
Local Ordinance ,
Property Valuation ,
Real Estate Transfers ,
Realty Transfer Taxes ,
Rental Property ,
Residential Property Owners ,
Transfer Taxes
Friend of Camden, Inc. v. Brandt, 81 Cal. App. 5th 1054 (August 2, 2022) illustrates the trickiness of the law governing dissolutions for limited liability companies and buyout election rights for those opposing dissolution....more