The clock is ticking for those who own homes in Los Angeles that they are trying to sell for more than $5 million. The city's 'mansion tax' takes effect April 1.
"Some sellers are even throwing in a free McLaren or a Bentley with a purchase," KTLA reported as a result of the tax that will have to be paid by sellers.
This $22.5 million-dollar home features an infinity pool among other luxurious amenities. Sellers in Los Angeles are rushing to close deals before a"mansion tax" takes effect April 1.is offering the buyer their choice of an Aston Martin Vantage, Aston Martin DBX 707, McLaren GT or Bentley Bentayga EWB if they pay the full price and close escrow before April 1," a Los Angeles Times article states. according to city officials.
"Are they being run the right way? Are they being run in the most efficient way?" Sullivan asked KTLA. Some sellers in Los Angeles are throwing in luxury cars, such as McLarens, to incentivize deals ahead of a"mansion tax" set to take effect April 1.
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