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Updated almost 9 years ago,
California State sales tax on property?
I have a friend who is selling a condo in San Diego and they told me they are being hit with what they called a "State sales tax" that amounts to about 3% of sales price!
To be clear, this is something separate from capital gains tax, from the information I understood.
Having not operated in California, I can't speak to it, but it sounds absurd!
Is there any knowledge out there that enables avoiding this tax?
Any thoughts or tips are appreciated.
Thank you for your time.
-Sam