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

Join Holland & Knight for a webinar 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.

The session will explore the structural and operational challenges the tax presents for investors, purchasers and homeowners, along with the practical implications of allocating the tax. Our panel will also address open questions in the legislation and how they may affect investors, boards, owners and managers weighing residential real estate investments in New York, and the lawsuit relating to the rollout that was recently brought.

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 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
• Statutory rollout litigation

Speakers:

Stuart Saft  |  Partner, Holland & Knight
Randy Mastro  |  Partner, Dechert
Robert Pollack  |  Senior Partner, Marcus & Pollack
Erin Goodman  |  Partner, Holland & Knight
Franni Nagel  |  Associate, Holland & Knight

Continuing Legal Education (CLE):

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.