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Measure ULA: New Transfer Tax on Los Angeles Residential and Commercial Real Property Sales Over $5 Million
November 14, 2022 Click on for PDF Evaluate ULA, generally recognized as the “mansion tax,” would impose a new “Homelessness and Housing Answers Tax” on transfers of household and business authentic assets in the metropolis of Los Angeles valued in excessive of $5 million.[1] The profits raised by the new tax, predicted to be between $600 million and $1.1 billion annually, is supposed to be employed to fund inexpensive housing and tenant aid courses. As of the date of this Consumer Warn, the measure is forward in the most up-to-date vote count. Beneath the measure, product sales of residential and business authentic house valued at about $5 million but significantly less than…


