The ULA Tax, also known as the Mansion Tax, is a proposed one-time tax in Los Angeles that would be levied on the transfer of residential properties valued over $10 million. The tax would be assessed at a rate of 0.5% of the purchase price, and while it could raise significant revenue for the city, it may also discourage investment in luxury residential properties in Los Angeles. However, Malibu is exempt from this tax. By buying and selling a home in Malibu, you save hundreds and thousands of dollars on the sale of your home. Because of this Malibu has become one of the most profitable places in all of Los Angeles to invest in luxury real estate.