Tax shelters
REAL ESTATE • Sold
Monday marked the one-year anniversary of the so-called mansion tax, which levies a 4% charge on all Los Angeles real estate transactions above $5M, and a 5.5% charge on deals over $10M. Critics cautioned that the tax would slow luxury home sales. One year later, what does the data say?
LA tallied 366 sales of single-family homes above…
Keep reading with a 7-day free trial
Subscribe to FOUND LA to keep reading this post and get 7 days of free access to the full post archives.