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Insights

Real Estate Alert: Proposed Significant Change to NYS Real Estate Transfer Tax Law

New York State Governor Andrew Cuomo recently released his FY 17-18 Executive Budget, which suggests a number of changes to the tax law. Among those changes is a proposal to greatly expand the reach of the New York State Real Estate Transfer Tax with respect to transfers of entities holding New York State real estate. 

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PREPARING FOR THE SALE OF YOUR BUSINESS

So, you founded your business and, over the years, built it into the profitable — and flourishing — operation it is today.  Or maybe you inherited the business, maybe even bought out an existing enterprise.  But, whatever your path to success, you’ve no doubt worked hard and long to get to where you are.

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Announcements

Marks Paneth LLP Acquires Entertainment Practice, Shedler & Cohen, LLP

New York, NY (February 1, 2017) – Leading accounting, tax and advisory firm, Marks Paneth LLP, announced today that the partners and staff of Manhattan-based Shedler & Cohen, LLP (“Shedler & Cohen”) have joined the firm, effective January 1, 2017. The acquisition brings two partners, Michael S. Shedler and Ellen G. Cohen, as well as thirteen professionals to the firm. The addition of Shedler & Cohen has expanded and strengthened the suite of specialized services that Marks Paneth’s Business Management and Family Office Practice, led by Lawrence Cohen, provides to clients in the entertainment business management niche. READ MORE +

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RECENT NEWS

NEIL SONENBERG FEATURED IN REAL ESTATE WEEKLY

Neil Sonenberg, Partner in our Real Estate Group, was quoted in Real Estate Weekly in an article titled, “Millionaires Woe as Mansion Tax Threatens Softening Housing Market.” In the article, he discusses the tax implications on the real estate market afterNew York City Mayor, Bill de Blasio, has revived a mansion tax proposal for homes worth $2 million or higher.

Read more: Real Estate Weekly

REITWise 2017 Event

March 22-24
REITWise 2017 Event REITWise 2017®: NAREIT's Law, Accounting & Finance Conference® provides attendees with a broad, yet focused educational program that presents a clear picture of current political, economic and market events that impact legal, financial, tax and accounting operations within REITs and publicly traded real estate companies. View All Events