Ashley Kerins, In re 926 North Ardmore Avenue, LLC v. County of Los Angeles, California Journal of Tax Litigation, Q4 2017 Edition

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Ashley B. Kerins authors an article in the California Journal of Tax Litigation titled “A Change of Ownership for Property Tax Purposes and Documentary Transfer Tax Purposes.” In the article, Ashley discusses the recent decision in the California Supreme Court case 926 North Ardmore Avenue, LLC v. County of Los Angeles which held that the transfer of an interest in a legal entity, which results in a property tax reassessment because of a “change in ownership” of the legal entity, also triggers the documentary transfer tax (“DTT”). Ashley explains how practitioners should consider the DTT whenever there is a change of ownership for property tax purposes, even if a deed is not recorded.

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On December 6, 2017

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