New York’s Pied-à-Terre Tax Has A Renovation Problem

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New York City's new pied-à-terre surcharge introduces a "renovation gap" that may unexpectedly impact property owners during major construction projects. Partners Alexandra Wald and Nicholas Kaiser analyze why owners of properties that cannot be legally occupied during renovations may still face the surcharge, and what stakeholders should consider to navigate this complex issue.

United States New York Tax

Alexandra Wald and Nicholas Kaiser

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New York City’s new pied-à-terre surcharge may create an unexpected problem for property owners undertaking major renovations.