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Guest Columnist

Apr. 6, 2010

Prop. 13: The New Ownership Interest Transfer Reporting Requirement

By MICHAEL SOEJOTO and RICHARD J. KAPLAN California recently adopted a strict new reporting requirement in an attempt to more rapidly and accurately identify real property that may have undergone a "change in ownership" by reason of transfers of ownership interests in entities directly or indirectly owning such real property.

By MICHAEL SOEJOTO and

RICHARD J. KAPLAN

California recently adopted a strict new reporting requirement in an attempt to more rapidly and accurately identify real property that may have undergone a "change in ownership" by reason of transfers of ownership interests in entities directly or indirectly owning such real property. This reporting requirement is effective for transfers of ownership interests on or after January 1, 2010. Significan...

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