3 ms·
Even if commercial property is changing hands, there are well-known loopholes to structure that as multiple transactions, none of which transfer more than a 50%
by abeppu 4y ago
Even if commercial property is changing hands, there are well-known loopholes to structure that as multiple transactions, none of which transfer more than a 50% stake, and which therefore do not trigger a Prop 13 Reassessment.
https://journal.firsttuesday.us/change-the-law-close-prop-13s-corporate-loophole/65104/ https://journal.firsttuesday.us/change-the-law-close-prop-13...