Inside the Implications of LA's New Transfer Tax
Briefly

(Photo-illustration by Kevin Rebong/The Real Deal) When the U.S. subsidiary of Chinese developer Greenland sold one of its trophy assets in Downtown Los Angeles for $504 million in November, the firm paid $554,400 in county transfer taxes.If the deal had gone through five months later, Greenland would have had to pay an extra $27.7 million.
Read at therealdeal.com
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