Associate Ashley 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, Ms. Kerins 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”). She 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.
Ms. Kerins is a member of Sullivan Hill’s Business and Corporate Transactions and Tax practice groups. She focuses her practice primarily in the areas of real estate, corporate, partnership and business transactions and in tax planning, tax controversy resolution.
About Sullivan Hill:
Sullivan Hill has provided efficient, aggressive and responsive legal representation for more than 40 years. The firm provides full service representation to clients in a variety of industries with an emphasis in insolvency, construction disputes, insurance coverage, real estate, employment, business disputes, civil litigation, and transactional work. The firm has offices in San Diego and Las Vegas.