taxes


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State Sen. Julia Salazar and Assembly member Harvey Epstein proposed the tax this month in an effort to disincentivize real estate speculation (Credit: iStock, Getty Images)

Experts take issue with proposed tax on mezzanine loans

Experts say a proposed tax on mezzanine debt would raise the cost of financing across the board in New...

Experts take issue with proposed tax on mezzanine loans
State Senator Julia Salazar and Assemblymember Harvey Epstein (Credit: Getty Images)

Pols take aim at private equity with plan to tax mezz debt

A new bill seeks to raise money for public housing while bringing more transparency to the complex world of...

Pols take aim at private equity with plan to tax mezz debt
Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

The Treasury Department is investigating a federal tax break that was designed to help low-income communities, but has proved...

Trump’s Opportunity Zone program is under investigation
Staten Island City Councilman Joe Borelli and City Council Speaker Corey Johnson (Credit: Getty Images)

Gentrification tax? Pols pitch fix for “completely screwed” system

City lawmakers are making another push to overhaul New York’s notoriously arcane property tax system. A proposal backed by...

Gentrification tax? Pols pitch fix for “completely screwed” system
Rep. Alexandria Ocasio-Cortez and Governor Andrew Cuomo (Credit: Getty Images)

House votes to lift SALT deduction cap — but don’t celebrate

House Democrats on Thursday passed a bill that would ease the state and local tax deduction cap that shook...

House votes to lift SALT deduction cap — but don’t celebrate
(Credit: iStock)

What’s wrong with J-51? Plenty, landlord reps say

Developers usually flock to tax breaks. But there’s one program in New York that’s seeing increasingly less interest from...

What’s wrong with J-51? Plenty, landlord reps say
Senator Brad Hoylman and Billionaires' Row (Credit: StreetEasy, NY Senate)

Pied-à-terre tax to make a return in Albany, lawmakers say

Manhattan State Sen. Brad Hoylman is not backing down. Months after a tax on second homes was shot down...

Pied-à-terre tax to make a return in Albany, lawmakers say
From left: New York Governor Andrew Cuomo, New York State senator James Sanders Jr., and New York City Mayor Bill de Blasio (Credit: Getty Images, iStock, and NY Senate)

“This program will either be a boom or a bust:” State senator has plans to redesign Opportunity Zones

UPDATE Monday, August 12, 2019, 11:47 a.m.: New York State senator James Sanders Jr. is laying groundwork in New York to modify the federal...

“This program will either be a boom or a bust:” State senator has plans to redesign Opportunity Zones
212 Fifth Avenue and Jeff Bezos (Credit: StreetEasy and Getty Images)

June was the best month ever for New York’s luxury market. July is another story.

There’s nothing quite like the looming threat of increased taxation to get real estate deals done. The sale of...

June was the best month ever for New York’s luxury market. July is another story.
Tuscany, Italy (Credit: iStock)

Benvenuto! Why the number of high-net-worth individuals applying for Italian residency may spike

The number of ultra-wealthy taking up residency in Italy may surge this year. The influx of high-net-worth individuals is due to a new tax...

Benvenuto! Why the number of high-net-worth individuals applying for Italian residency may spike
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