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Tax Liability › Real Estate Transactions › Property Tax

Bennett Jones LLP

British Columbia Introduces the Flipping Tax—What is it and Why Should You be Aware?

Bennett Jones LLP on

What is the Flipping Tax and Why is it Important? The B.C. government announced in its 2024 budget a plan to introduce a tax (the Flipping Tax) on income earned from the sale of a property within 730 days of acquisition....more

Nossaman LLP

Los Angeles Office of Finance Clarifies Exemptions from “Mansion Tax”

Nossaman LLP on

The Los Angeles Office of Finance (Office of Finance) has released a new FAQ confirming that real property transfers that are exempt from the current City documentary transfer tax (to which the FAQ refers as the “Base Tax”)...more

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