Our Tax Group has vast experience in all aspects of New York City and New York State taxes, including state and city real property transfer tax and residency issues. We have appeared before both the city and the state tax appeals tribunals.
We are recognized for having achieved very favorable results in an often-cited residency case and New York City real property transfer tax case. The outcome in both of these cases was very taxpayer-friendly. The residence case helped define a “permanent place of abode,” which is a key component of determining New York residency. The real property transfer tax case made clear that non-contiguous apartments can, in the proper circumstances, be taxed as a single residence for purposes of the real property transfer tax rules, which results in the application of lower tax rates.