Milbank LLP Trusts, Estates and Exempt Organizations attorneys Amy Albert, Austin Bramwell and Leah Socash authored an article published by the New York Law Journal examining the implications of New York's pied-à-terre tax for common estate planning structures and situations.
In the article, titled, "New York's Pied-à-Terre Tax: Potential Pitfalls for Common Planning Structures and Situations," the authors analyze the basic mechanics of the surcharge and discuss key ambiguities in the statute and the Department of Finance's rules adopted on July 10, 2026.
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