New York Legislation

/Tag: New York Legislation

AAPL Opposes Anti-Flipping Taxes/Special Conveyance Flip Taxes

By |2020-03-16T19:34:25+00:00March 16th, 2020|Legislation, Private Lender|0 Comments

Instead, promote incentives to increase economic activity and to create the change we all want to see. Most states or other governmental subdivisions that we are aware of impose what is known as a conveyance tax, transfer tax, sales tax or fee on the sale of real property. These taxes are generally very low in [...]

By |2020-03-16T19:34:25+00:00March 16th, 2020|Legislation, Private Lender|0 Comments

NYC Home Flipping Analysis

By |2020-03-03T20:50:00+00:00March 3rd, 2020|Legislation, Legislation, Market Trends, Market Trends, Private Lender|0 Comments

Legislation aimed at deterring “property speculation and flipping in vulnerable neighborhoods” in New York City begs the question: Just how prevalent and harmful is home flipping in the five boroughs that would be impacted by the policy change? An Auction.com analysis of public record data from ATTOM Data Solutions shows home flipping in the five [...]

New York Wants to Kill Your Deal

By |2019-12-18T19:12:56+00:00December 18th, 2019|Legislation, Private Lender|0 Comments

Senate Bill S3060E introduced in the New York state legislature would dramatically increase the transfer tax on fix-and-flip residential property. The New York state legislature is trying to pass a law to dramatically increase the transfer tax on certain family properties sold within two years of original acquisition in New York City. (Note: For certain [...]

By |2019-12-18T19:12:56+00:00December 18th, 2019|Legislation, Private Lender|0 Comments

AAPL Opposes NY Senate Bill’s 20% Tax on Certain Real Property Transfers

By |2020-02-11T17:27:56+00:00August 2nd, 2019|Legislation, Legislation, Private Lender|0 Comments

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 property speculation and flipping in [...]

By |2020-02-11T17:27:56+00:00August 2nd, 2019|Legislation, Legislation, Private Lender|0 Comments

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