New York's Pied-à-Terre Tax: Implications for Real Estate
Holland & Knight's New York Real Estate Practice Group hosted a webinar examining the recently enacted "pied-à-terre" tax on non-primary residences in New York City and its potential impact on the local real estate industry. The session explored the structural and operational challenges the tax presents for investors, boards, purchasers and homeowners, along with the practical implications of allocating the tax. It also addressed open questions in the legislation and the newly brought lawsuit challenging its rollout.
Duration: 1:21:23