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Transfer Taxes Legal Entities

Coblentz Patch Duffy & Bass

Beware: Broad New CA County and City Authority To Impose Transfer Tax on Entity Interest Transfers

The California Supreme Court has just granted broad authority to counties and cities to impose documentary transfer tax (“DTT”) on certain transfers of interests in legal entities. Before June 29, 2017, tax practitioners’...more

Pillsbury Winthrop Shaw Pittman LLP

Court of Appeal Holds Transfer Tax Applies to Legal Entity Changes in Ownership

In 926 North Ardmore Avenue, LLC v. County of Los Angeles, the 2nd District Court of Appeal held that Proposition 13 changes in ownership prompted by transfers of legal entity interests should also be characterized as “realty...more

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