We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.


Refine your search

Content type



4 results found


Morrison & Foerster LLP | USA | 5 Nov 2012

Recent California State Board of Equalization legal opinion letter could create confusion regarding the proposition 13 change in ownership rules for legal entities

On September 5, 2012, the California State Board of Equalization’s (“Board”) legal staff (“Staff”) issued a legal opinion letter (“Letter”) in which the Staff reversed a Proposition 13 (“Prop 13”) property tax change in ownership rule for transfers of interests in legal entities that the Board had adopted and followed for more than 25 years.


Morrison & Foerster LLP | USA | 4 Nov 2009

New property tax legislation

California Governor Schwarzenegger recently signed Senate Bill No. 816, which could result in the imposition of significant penalties on unwary taxpayers for failing to report changes in control or ownership of legal entities owning real property in California.

Previous page 1 Next page