Court Slaps Down Tax Rule, Boosting Second-Home Market
In the News
7.18.22 | The Real Deal
Berdon Partner and Co-Leader of the Firm’s State and Local Tax Practice, Wayne Berkowitz, spoke with The Real Deal regarding the shocking ruling by the New York State Appellate Division, which overturned a Tax Appeals Tribunal case and the long-standing rule that treated ownership of a New York vacation home as a “permanent place of abode” for statutory residency purposes. The article goes on to review the case in question, explain what this means for vacation home owners, and examine whether the state will accept the verdict or ask the Court of Appeals to take the case.
To read the full story, click here.