NYC Co-op Boards and the Pied-à-Terre Tax: What Boards Should Be Asking
If you serve on a NYC co-op board, the pied-à-terre tax is the building’s problem, not just the shareholder’s. The mechanics are not fully clarified, and the worst-case exposure is at the corporation level. Here is what boards should be discussing with counsel now.
NYC Pied-à-Terre Tax 2026: Status, Rates, and What It Means for Owners
What the NYC pied-à-terre tax is now that it has passed, who pays, the rates and exemptions, and the phase-two trap that hits many condo and co-op owners in 2028.