A new mansion tax in Los Angeles, California has dropped the sales of mansion from 126 in March to 2 in April. There was a rush to close sales in March to beat the tax for many sellers. There is a 4% tax on sales of $5 million and over then a 5.5% tax on sales over $10 million.
It will probably take several months for the true impact of the tax to be known. They'll probably be lawsuits as well.
https://www.dailymail.co.uk/news/ar...home-sales-Just-TWO-homes-5-million-sold.html
The revenues were going to help the homeless.
It will probably take several months for the true impact of the tax to be known. They'll probably be lawsuits as well.
https://www.dailymail.co.uk/news/ar...home-sales-Just-TWO-homes-5-million-sold.html
The revenues were going to help the homeless.