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Court slaps down tax rule, boosting second-home market – Robert Khodadadian

New York’s second-home market just got a lift from an unexpected source. In a ruling that shocked tax experts, an appeals court said out-of-staters with New York vacation homes don’t have to pay income taxes as if they lived in them full-time. The Appellate Division overturned a longstanding, counter-intuitive state rule that New York tax attorney Glenn Newman called a “disincentive for coming to New York.” “This helps the vacation home market,” the Greenberg Traurig

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Politics, Residential Real Estate, second homes, Upstate New York, vacation homes The Real Deal New York Read More

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