We’re pleased to share the article, Demystifying NYC’s Pied-à-Terre Tax Through 13 Ownership Scenarios, recently published by Thomson Reuters Practical Tax Strategies Journal.
For many New York City (NYC) property owners, details around the new pied-à-terre tax remain unclear. While the tax is aimed primarily at high-value second homes of those residing outside the city, differences in ownership and occupancy will change how the tax is applied.
Co-authored by Partners Alan Kufeld, Steven Eller, Bhakti Shah, Joseph Lee and Director Crystal Chan, this article reviews how the pied-à-terre tax would apply in practice across 13 different scenarios as example.
Read the full article here.
Contact Us
If you have any questions, contact your PKF O’Connor Davies client service team or the article authors:
Alan S. Kufeld, CPA
Partner
akufeld@pkfod.com
Steven J. Eller, CPA, JD
Partner
seller@pkfod.com
Bhakti Shah, CPA, JD
Partner
bshah@pkfod.com
Joseph Lee, CPA
Partner
jlee@pkfod.com
Crystal Chan, EA
Director
cchan@pkfod.com