Paul Manafort appears to have illegally claimed condo abatement for Trump Tower pad: report

Ex-campaign chair to the president double dips in Florida and NY

New York /
Apr.April 10, 2017 12:45 PM

Paul Manafort, former campaign chair to President Donald Trump and a key figure in the FBI’s probe into Russian election interference, appears to be double dipping on property tax breaks for his homes in Florida and at Trump Tower, the New York Daily News reported.

Manafort claims the condominium abatement for the unit he purchased at the Fifth Avenue tower for $3.6 million in cash in 2006, which saved $5,502 off his $31,439 tax bill.

In order to receive the abatement, the apartment must be Manafort’s primary residence. But at the same time he’s claiming that his home in Palm Beach is his primary residence, reducing his $737,166 assessment by $50,000 a year.

The attorney who prepared the New York tax filings said Manafort considers the Florida home his primary residence.

“Florida is Mr. Manafort’s primary residence. He has not asked to change his residence to New York state,” attorney Bruce Baldinger said. “My law firm was charged with overseeing the requisite filings for the State of New York.

“We are reviewing the matter and will, if necessary, make any correction,” he added.

Manafort is registered to vote in Florida. There is no record of him being registered to vote at either his Trump Tower address or at his other properties in Soho and Brooklyn, city officials told the News.

Manafort quit Trump’s campaign in August after news emerged that he had received $12 million in cash payments by Ukraine’s ousted, pro-Russian oligarchs. The FBI is looking into whether Trump associates, including Manafort, colluded with Russia to manipulate the presidential election. [NYD]Rich Bockmann


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
(iStock/Illustration by Kevin Rebong for The Real Deal)
State will use undercover testers to combat housing discrimination
State will use undercover testers to combat housing discrimination
Zillow COO Jeremy Wacksman (Zillow, iStock)
Zillow using Zestimate to streamline cash offers for some homes
Zillow using Zestimate to streamline cash offers for some homes
Home sales were the busiest January on record, but still the fifth month of decline in a row. (iStock)
Pending home sales fall for fifth consecutive month
Pending home sales fall for fifth consecutive month
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Making Lemonade: Don Lemon breaks even on Harlem condo sale
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...