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

Holland & Knight, together with Marcus & Pollack and Wolfe Realty Services, hosted a webinar examining the recently enacted "pied-à-terre" tax on non-primary residences in New York City and its potential effects on the real estate industry. The session explored the structural and operational challenges the levy presents for investors, purchasers and homeowners, along with key questions in the legislation whose answers will affect investors, boards, owners and managers considering residential real estate investments in New York. Topics included who has to pay the pied-à-terre tax, how it changes valuations and alters liability allocation among shareholders, and how owners, managers and lenders should respond to this new surcharge.

Duration: 1:19:12