An initiative that would raise taxes on property sales valued at more than $5 million has qualified for the fall ballot in the city of Los Angeles. The Los Angeles…
Taxes
FAQs
1–5 of 5
If I made only one out-of-state purchase, would the use tax apply? Would I need to file a return even if no tax applies?
If we don’t purchase from out of state, do we still need to register every single entity that we manage?
Out-of-state owners and operators – Please consult your accountant or a tax attorney.
What if I as a management company write a trust account check for the owner without “reimbursement”, now what?
In the News
1–9 of 24
An initiative that would raise taxes on property sales north of $5 million will likely go before voters in the city of Los Angeles this fall. Proponents of a “documentary…
The California Apartment Association, working with the California Association of Realtors, has derailed legislation that would have levied a heavy tax on individuals who purchase rental housing and sell it…
Some members of the California Legislature appear committed to raising taxes on landlords and interfering with their ability to sell their investments. One proposal, AB 2710 by Assemblyman Ash Kalra,…
A newly introduced Assembly bill would create an annual $500 excise tax on all residential units in California, including rental housing. The legislation, AB 1791, comes from Assemblyman Adrin Nazarian, D-North…
By Arlene Mechetti The narrow passage of Proposition 19 in the November 2020 election dealt a devastating blow to rental housing owners in California and warrants remedy at the ballot…
Landlords who’ve suffered financial losses under Los Angeles County’s COVID-19 eviction moratorium may soon be exempt from certain property tax penalties. The Board of Supervisors on Tuesday voted unanimously to…
Just when the rental housing industry thought it had seen it all, a new trend is emerging across California: More and more, cities are considering measures that would tax property…
A new attempt is afoot to undermine Proposition 13 at the ballot box, and this time, high-value residential properties, including rental housing, are being targeted. Organized labor, specifically Service Employees…
