AAPL Opposes NY Senate Bill's 20% Tax on Certain Real Property Transfers
New York State has decided to kill the Fix & Flips industry:
A bill soon to be passed in the Senate (Democratic-controlled) will impose an additional 15% / 20% tax on buying and selling real estate over a one-year / two-year period. This is in addition to the recent severe restrictions on Rent Stabilized Properties.
Fun life.
A bill soon to be passed in the Senate (Democratic-controlled) will impose an additional 15% / 20% tax on buying and selling real estate over a one-year / two-year period. This is in addition to the recent severe restrictions on Rent Stabilized Properties.
Fun life.
https://aaplonline.com/aapl-opposes-ny-senate-bills-20-tax-on-certain-real-property-transfers/
AAPL Opposes NY Senate Bill's 20% Tax on Certain Real Property Transfers
If passed, New York State SB S3060E will impose a 15-20% conveyance tax on 1-5 separate residential property units located in certain areas of New York City, if transferred within two years of the prior transfer of such property. Sign our opposition petition The bill's stated purpose is to deter p…
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RozRealEstate
What do you think
Kobi Ifergan
? ♂
I do not think it will pass… economic forces
Nahum Hilani
It's time to move to Florida
Every two weeks a similar post is posted here… Every two weeks I write again and explain that there is nothing like Florida… Put it in your head!
Tal Levi Can you give an explanation?
Vadim Lichtik Saar Bam