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Property Tax Realty Transfer Taxes

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Womble Bond Dickinson

South Carolina’s Alphabet Soup Part II: ATIs and FILOTs after South Carolina’s Tax Code Amendments

Womble Bond Dickinson on

Our previous Client Alert discussed assessable transfers of interest or “ATIs” and Fee in Lieu of Tax “FILOT” Agreements in the aftermath of significant amendments to South Carolina’s Tax Code in 2022. As discussed...more

Goodwin

New Guidance on Los Angeles Measure ULA (Mansion Tax) Exemptions

Goodwin on

It has been more than three months since Measure ULA (a/k/a the LA Mansion Tax and the Homelessness and Housing Solutions Tax) became effective in the City of Los Angeles. Measure ULA imposes a new special transfer tax (the...more

Venable LLP

City of LA New Transfer Tax

Venable LLP on

In the November 2022 election, the voters of the City of Los Angeles passed Los Angeles Measure ULA (United to House LA). Measure ULA—which will go into effect on April 1, 2023—establishes and funds programs for the purposes...more

Barnea Jaffa Lande & Co.

Israel: Everything to Know about the Purchase Tax Hike on Real Estate Investors

Barnea Jaffa Lande & Co. on

Last week, the Israeli Ministry of Finance approved the outline for a hike to the purchase tax imposed on real estate investors, once again, to tax brackets of 8% and 10%. The ministry’s goal is to “dissuade” investors from...more

Tucker Arensberg, P.C.

Commonwealth Court Decisions Allow Taxing Bodies Discretion In Determining Standards For Tax Assessment Appeals

Punxsutawney Area School District v. Broadwing Timber, LLC, 1209 C.D. 2018 (Pa. Commw. Ct., October 29, 2019) - Since the Pennsylvania Supreme Court’s recent decision in Valley Forge Towers Apartments N, LP v. Upper...more

International Lawyers Network

Buying and Selling Real Estate in Greece

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER GREEK LAW - 1. PROCEDURE – MAIN STEPS OF REAL ESTATE ACQUISITION UNDER GREEK LAW. Acquisition of real estate property in Greece includes mainly the following steps: •...more

Pullman & Comley, LLC

Groundbreaking News - Fall 2018

Pullman & Comley, LLC on

Welcome to Pullman & Comley's Real Estate Newsletter, Groundbreaking News. Written by our team of attorneys, you'll find articles that highlight hot topics and developments spaning the fields of real estate, land use and...more

Allen Matkins

California Supreme Court Affirms Novel M&A Tax

Allen Matkins on

Suppose Mr. Henry owns all of the outstanding shares of a Virginia corporation that owns all of the issued and outstanding shares of a Massachusetts corporation that owns, among other things, real property in Los Angeles,...more

Latham & Watkins LLP

RETT: Decrees on anti-RETT-blocker legislation and Federal Tax Court ruling

Latham & Watkins LLP on

The German Tax Authorities’ interpretation of the recently introduced Sec. 1 para 3a RETTA goes beyond just preventing RETT-blockers. Within the framework of the Act on the implementation of the Directive on...more

Latham & Watkins LLP

RETT: Reentry of partner in property owning partnership

Latham & Watkins LLP on

Transfer of interests leads to loss of qualification as a former partner within the meaning of Sec. 1 para 2a RETTA. The Federal Financial Court of Germany recently decided that real estate transfer tax (RETT) is due...more

BakerHostetler

Senate Finance Committee Chairman Proposes Repeal of Like-Kind Exchange Deferral and Other Changes Affecting Real Estate

BakerHostetler on

On November 21, 2013, Senate Finance Committee Chairman Max Baucus released the third package in a series of "Staff Discussion Drafts" containing proposals to reform the tax code. This third set of proposals focuses on...more

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