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Tax Reform › Commercial Property Owners

BCLP

UK government to reform stamp duty land tax on mixed-property acquisitions and multiple acquisitions of dwellings

BCLP on

The government is proposing to change the way SDLT is calculated on mixed-property purchases (where residential and non-residential elements are acquired) and on the scope of multiple dwellings relief (MDR). It is offering a...more

Brownstein Hyatt Farber Schreck

How SB-293 and Prop 120 May Play Out on Your Bill

Brownstein Hyatt Farber Schreck on

In the final days of the 2021 legislative session, the Colorado Legislature passed SB-293, intending to temporarily cut property taxes in a last-minute bipartisan attempt to address the anticipated increases in property taxes...more

Lowndes

New Florida Law Expected to Significantly Reduce Florida’s Commercial Lease Sales Tax Rate

Lowndes on

On April 19, 2021, Florida Governor Ron DeSantis signed into law Senate Bill 50 (SB 50), which amends portions of Chapter 212, Florida Statutes. SB 50 is slated to significantly reduce Florida’s commercial leasing sales tax...more

Lowndes

Hillsborough County Commercial Lease Sales Tax Rate Reduced by Recent Florida Supreme Court Decision

Lowndes on

A recent Florida Supreme Court decision found that the Hillsborough County 1% transportation sales surtax is unconstitutional. As a result, the decision reduced the sales tax rate on commercial lease payments in Hillsborough...more

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