Brief
New York’s Pied-à-Terre Tax Is Bad Policy. But It Shouldn’t Stop Development Land Sales.
The recently enacted pied-à-terre tax may ultimately prove to be one of the most disruptive pieces of real estate legislation New York state has passed in years. Whether one agrees with the objective
Summary
The recently enacted pied-à-terre tax may ultimately prove to be one of the most disruptive pieces of real estate legislation New York state has passed in years.
Whether one agrees with the objective or not, the manner in which it was enacted and the uncertainty it introduces into the marketplace are likely to create consequences […]
Source
- Commercial Observercommercialobserver.com
