New York's Pied-à-Terre Tax: Implications for Real Estate

Join Holland & Knight, Marcus & Pollack and Wolfe Realty Services for a webcast examining the recently enacted "pied-à-terre" tax on non-primary residences in New York City and its potential impact on the real estate industry.

This session will explore the structural and operational challenges the tax presents for investors, purchasers and homeowners, as well as practical implications of allocating the tax. The discussion will also address key questions in the legislation and how these issues may affect investors, boards, owners and managers considering residential real estate investments in New York.

Attendees will gain practical insights into identifying potential exposure, evaluating risk and preparing for next steps as the proposal continues to unfold.

Topics include:

• who does the pied-à-terre tax affect?
• valuation changes and their impact on operating costs
• potential approaches to allocating tax liability among shareholders
• key legislative uncertainties and administrative challenges
• practical considerations for owners, managers and lenders in the current environment

Speakers:

Stuart Saft | Partner, Holland & Knight
Robert Pollack | Senior Partner, Marcus & Pollack
Michael Wolfe | President, Wolfe Realty Services
Beth Fisher | Senior Managing Director, Corcoran Sunshine Marketing Group

Continuing Legal Education (CLE)

Please note: After completion of the program, Holland & Knight (and its CLE administration partner, CEU Institute) will apply for CLE credit based on attendee requests. Some programs may not be awarded CLE credits because of content or jurisdictional restrictions. Please be aware that the CLE approval process can be lengthy in some jurisdictions. For New York attorneys, this program's format qualifies for CLE for transitional (newly admitted) and experienced attorneys.