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https://therealdeal.com/new-york/2022/07/18/court-slaps-down-tax-rule-boosting-second-home-market/
Submission: On April 26 via manual from US — Scanned from US
Submission: On April 26 via manual from US — Scanned from US
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<form action="#">
<section class="NewsletterSmall_root__V8UYK">
<h3 class="NewsletterSmall_title__l8dCU">Sign Up for the New York Weekly Newsletter</h3><svg width="15" height="15" viewBox="0 0 15 15" fill="none" xmlns="http://www.w3.org/2000/svg" class="NewsletterSmall_closeButton__HWh5k">
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<form action="#" class="Newsletter_root__ixZHP RightRail_full__q357i RightRail_newsletter__9PuWG">
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<div class="Newsletter_headerInner__H26Oi"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewBox="0 0 256 256" xml:space="preserve" class="Newsletter_headerImage__AN_Mf">
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<path
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transform="matrix(2.81 0 0 2.81 1.407 1.407)" style="stroke: none; stroke-width: 1; stroke-dasharray: none; stroke-linecap: butt; stroke-linejoin: miter; stroke-miterlimit: 10; fill: currentcolor; fill-rule: nonzero; opacity: 1;"></path>
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<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>National</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Chicago Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Chicago</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Hamptons Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Hamptons</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Los Angeles Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Los Angeles</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="New York Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>New York</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="San Francisco Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>San Francisco</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Tri-State_Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Tri-state</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Texas Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Texas</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="South Florida Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>South Florida </span></label></div>
</div>
<div class="Newsletter_column__8lK7w">
<div class="Newsletter_columnHeader__W_V08">Daily</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Chicago Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Chicago</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Los Angeles Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Los Angeles</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="New York Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>New York</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="San Francisco Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>San Francisco</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="South Florida Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>South Florida</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Texas Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Texas</span></label></div>
</div>
<div class="Newsletter_column__8lK7w">
<div class="Newsletter_columnHeader__W_V08">Industry</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Commercial Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Commercial </span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Residential Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Residential </span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Celebrity Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Celebrity</span></label></div>
</div>
</div>
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<div class="NewsletterForm_root__xVFVN Newsletter_form__ZdQkv"><input name="email" type="text" placeholder="Enter Your Email" class="Input_root__wGejw Input_large__95UN_ NewsletterForm_input__I4bVB Input_rounded__n02E7" value=""><button
type="submit" class="NewsletterForm_signUpButton__KehT_ Button_root__eoLOC Button_primary__AyYOu Button_large__vjFvJ Button_rounded__2NnQP">SIGN UP</button></div>
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</form>#
<form action="#">
<section class="NewsletterSmall_root__V8UYK">
<h3 class="NewsletterSmall_title__l8dCU">Sign Up for the New York Weekly Newsletter</h3><svg width="15" height="15" viewBox="0 0 15 15" fill="none" xmlns="http://www.w3.org/2000/svg" class="NewsletterSmall_closeButton__HWh5k">
<circle cx="7.5" cy="7.5" r="7.5" fill="#D93831"></circle>
<path d="m5.25 5.25 4.5 4.5M5.25 9.75l4.5-4.5" stroke="#fff" stroke-width="2" stroke-linecap="round"></path>
</svg>
<div class="NewsletterForm_root__xVFVN NewsletterSmall_form__yCOg7"><input name="email" type="text" placeholder="Enter Your Email" class="Input_root__wGejw Input_medium__7wus3 NewsletterForm_input__I4bVB Input_rounded__n02E7" value=""><button
type="submit" class="NewsletterForm_signUpButton__KehT_ Button_root__eoLOC Button_primary__AyYOu Button_medium__ZVhJB Button_rounded__2NnQP">SIGN UP</button></div>
<p class="NewsletterSmall_paragraph__4QvIq">By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.</p>
</section>
</form>#
<form action="#" class="Newsletter_root__ixZHP RightRail_full__q357i RightRail_newsletter__9PuWG">
<div class="Newsletter_header__bLYpl">
<div class="Newsletter_headerInner__H26Oi"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewBox="0 0 256 256" xml:space="preserve" class="Newsletter_headerImage__AN_Mf">
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<path
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transform="matrix(2.81 0 0 2.81 1.407 1.407)" style="stroke: none; stroke-width: 1; stroke-dasharray: none; stroke-linecap: butt; stroke-linejoin: miter; stroke-miterlimit: 10; fill: currentcolor; fill-rule: nonzero; opacity: 1;"></path>
<path
d="m63.732 45 16.726-15.344a1.5 1.5 0 0 0-2.027-2.211L54.427 49.466 30.425 27.445a1.501 1.501 0 0 0-2.029 2.211L45.122 45 28.396 60.345a1.5 1.5 0 1 0 2.029 2.21l16.916-15.52 6.072 5.571a1.495 1.495 0 0 0 2.028 0l6.073-5.571 16.917 15.52a1.496 1.496 0 0 0 2.119-.091 1.5 1.5 0 0 0-.092-2.119L63.732 45zM25.423 46.5H7.539a1.5 1.5 0 1 1 0-3h17.885a1.5 1.5 0 1 1-.001 3zM12.497 36.016H1.5a1.5 1.5 0 1 1 0-3h10.997a1.5 1.5 0 1 1 0 3zM12.497 56.984H4.394a1.5 1.5 0 1 1 0-3h8.104a1.5 1.5 0 1 1-.001 3z"
transform="matrix(2.81 0 0 2.81 1.407 1.407)" style="stroke: none; stroke-width: 1; stroke-dasharray: none; stroke-linecap: butt; stroke-linejoin: miter; stroke-miterlimit: 10; fill: currentcolor; fill-rule: nonzero; opacity: 1;"></path>
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</div>
<div class="Newsletter_grid__fnruh">
<div class="Newsletter_column__8lK7w">
<div class="Newsletter_columnHeader__W_V08">Weekly</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="National Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>National</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Chicago Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Chicago</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Hamptons Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Hamptons</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Los Angeles Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Los Angeles</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="New York Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>New York</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="San Francisco Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>San Francisco</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Tri-State_Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Tri-state</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Texas Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Texas</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="South Florida Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>South Florida </span></label></div>
</div>
<div class="Newsletter_column__8lK7w">
<div class="Newsletter_columnHeader__W_V08">Daily</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Chicago Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Chicago</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Los Angeles Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Los Angeles</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="New York Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>New York</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="San Francisco Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>San Francisco</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="South Florida Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>South Florida</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Texas Daily">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Texas</span></label></div>
</div>
<div class="Newsletter_column__8lK7w">
<div class="Newsletter_columnHeader__W_V08">Industry</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Commercial Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Commercial </span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Residential Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Residential </span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Celebrity Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Celebrity</span></label></div>
</div>
</div>
<div class="Newsletter_footer__ysE8H">
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<div class="NewsletterForm_root__xVFVN Newsletter_form__ZdQkv"><input name="email" type="text" placeholder="Enter Your Email" class="Input_root__wGejw Input_large__95UN_ NewsletterForm_input__I4bVB Input_rounded__n02E7" value=""><button
type="submit" class="NewsletterForm_signUpButton__KehT_ Button_root__eoLOC Button_primary__AyYOu Button_large__vjFvJ Button_rounded__2NnQP">SIGN UP</button></div>
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</form>#
<form action="#">
<section class="NewsletterSmall_root__V8UYK">
<h3 class="NewsletterSmall_title__l8dCU">Sign Up for the Los Angeles Weekly Newsletter</h3><svg width="15" height="15" viewBox="0 0 15 15" fill="none" xmlns="http://www.w3.org/2000/svg" class="NewsletterSmall_closeButton__HWh5k">
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type="submit" class="NewsletterForm_signUpButton__KehT_ Button_root__eoLOC Button_primary__AyYOu Button_medium__ZVhJB Button_rounded__2NnQP">SIGN UP</button></div>
<p class="NewsletterSmall_paragraph__4QvIq">By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.</p>
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<form action="#" class="Newsletter_root__ixZHP RightRail_full__q357i RightRail_newsletter__9PuWG">
<div class="Newsletter_header__bLYpl">
<div class="Newsletter_headerInner__H26Oi"><svg xmlns="http://www.w3.org/2000/svg" width="256" height="256" viewBox="0 0 256 256" xml:space="preserve" class="Newsletter_headerImage__AN_Mf">
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<path
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<path
d="m63.732 45 16.726-15.344a1.5 1.5 0 0 0-2.027-2.211L54.427 49.466 30.425 27.445a1.501 1.501 0 0 0-2.029 2.211L45.122 45 28.396 60.345a1.5 1.5 0 1 0 2.029 2.21l16.916-15.52 6.072 5.571a1.495 1.495 0 0 0 2.028 0l6.073-5.571 16.917 15.52a1.496 1.496 0 0 0 2.119-.091 1.5 1.5 0 0 0-.092-2.119L63.732 45zM25.423 46.5H7.539a1.5 1.5 0 1 1 0-3h17.885a1.5 1.5 0 1 1-.001 3zM12.497 36.016H1.5a1.5 1.5 0 1 1 0-3h10.997a1.5 1.5 0 1 1 0 3zM12.497 56.984H4.394a1.5 1.5 0 1 1 0-3h8.104a1.5 1.5 0 1 1-.001 3z"
transform="matrix(2.81 0 0 2.81 1.407 1.407)" style="stroke: none; stroke-width: 1; stroke-dasharray: none; stroke-linecap: butt; stroke-linejoin: miter; stroke-miterlimit: 10; fill: currentcolor; fill-rule: nonzero; opacity: 1;"></path>
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</svg><span class="Newsletter_headerText__Mej4t">Top stories delivered to your inbox</span></div>
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<div class="Newsletter_grid__fnruh">
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<div class="Newsletter_columnHeader__W_V08">Weekly</div>
<div class="Newsletter_columnItems__Sy6w2"><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="National Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>National</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Chicago Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Chicago</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Hamptons Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Hamptons</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Los Angeles Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>Los Angeles</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="New York Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>New York</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="San Francisco Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
</span><span>San Francisco</span></label><label class="CheckboxLabel_root__go3ge"><span><input name="lists" class="Checkbox_input__5GPwd" type="checkbox" value="Tri-State_Weekly">
<div class="Checkbox_checkbox__1Nwqi"></div>
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search Markets All MarketsChicagoLos AngelesNationalNew YorkSan FranciscoSouth FloridaTexas News ResidentialDevelopmentCommercialPoliticsTech Magazine Current IssueIssue Archives Events New York Forum 2023Los Angeles Forum 2023Industry Events Podcast + Video Video The Blueprint Coffee Talk Daily Dirt Live TRD Explains Paydirt The REInterview Real Estate Master Classes Podcast Deconstruct Partners Brand StudioSponsoredAdvertise TRD PRO Other About UsContact UsNewslettersPrivacy Policy Subscribe Corporate Subscriptions AdvertiseHelp CenterCareersShop Markets All MarketsChicagoLos AngelesNationalNew YorkSan FranciscoSouth FloridaTexas News ResidentialDevelopmentCommercialPoliticsTech Magazine Current IssueIssue Archives Events New York Forum 2023Los Angeles Forum 2023Industry Events Podcast + Video Video The Blueprint Coffee Talk Daily Dirt Live TRD Explains Paydirt The REInterview Real Estate Master Classes Podcast Deconstruct Partners Brand StudioSponsoredAdvertise TRD PRO All Markets TexasNationalChicagoSan FranciscoSouth FloridaNew YorkLos Angeles Sectors TechPoliticsDevelopment Sign inSubscribe Subscribe TRENDING Blackstone mezz loan offered up by Koreans, signaling distressIvana Trump’s townhouse might be the Upper East Side’s quirkiest listingOffice, industrial return to top of NYC’s lending frayFlorida bill restricting foreign real estate purchases a “slippery slope,” brokers say Residential New York A * COURT SLAPS DOWN TAX RULE, BOOSTING SECOND-HOME MARKET NJ resident with NY vacation house beats the system Nelson Obus (LinkedIn, Getty) Jul 18, 2022, 8:45 AM By * Erik Engquist Save article SHARE THIS ARTICLE * * * * * FONT SIZE AAA A * New York’s second-home market just got a lift from an unexpected source. In a ruling that shocked tax experts, an appeals court said out-of-staters with New York vacation homes don’t have to pay income taxes as if they lived in them full-time. The Appellate Division overturned a longstanding, counter-intuitive state rule that New York tax attorney Glenn Newman called a “disincentive for coming to New York.” “This helps the vacation home market,” the Greenberg Traurig lawyer said of the decision. “It makes it less likely that someone who uses a vacation home would be subject to the 183-day test.” That test has long plagued owners of multiple homes. In determining whether someone spends more than half of the year in New York, any part of a day spent in the state is counted as a full day of living in the state. “The deck is stacked against people,” said Newman. “The burden of proof that you were not in New York is on the taxpayer. How do you prove a negative? How do you prove you were not here?” The system made no sense to Nelson Obus, an investor and New Jersey resident who commuted to work in New York City and had a vacation home upstate, four hours away. Although Obus only visited the second home only a few weeks each year and kept no personal items there, because he owned it, New York counted his work days in the city as days lived in the state. Absurd as that sounds, vacation-home owners and their accountants have long accepted it as something they had to live with. But Obus decided to challenge the system. That also made no sense, at least financially, because the taxes he paid New York reduced the taxes he owed New Jersey by the same amount. Even if his challenge succeeded, which tax professionals considered a long shot, he would save little or no money. Obus didn’t care. When his attorney, Newman, mentioned the lack of upside, his client said, “I pay to New York what’s due to New York and I pay to New Jersey what’s due to New Jersey.” “It was a principled stance,” Newman said. READ MORE New York Escaping New York? Tax man is right behind you New York High court rescues near-dead property tax challenge New York State’s highest court strikes down portion of rent law Obus is not the typical investor making money and staying under the radar. He is known for taking on the Securities and Exchange Commission, which is not something most people do in their spare time. In this case, the New Jerseyan first had to go before an administrative law judge. After being denied, he asked an obscure body called the Tax Appeals Tribunal to set things straight. Again, the tribunal sided with the state. Obus was not deterred. He went to the Appellate Division, a court that real estate players know as a place they can get justice if they are victimized by hack judges in state Supreme Court. SIGN UP FOR THE NEW YORK WEEKLY NEWSLETTER SIGN UP By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. A shot at redemption There are two ways that people who don’t live in New York can be pegged as residents by the state’s roughly 250 notoriously aggressive tax auditors. One is what Berdon LLP partner Wayne Berkowitz calls the “touchy-feely” way: if you consider New York home, based on family and social connections and an intention to move back there. The other is the statutory way: a permanent place of abode plus 183 or more days in a calendar year. It was those boxes that Obus checked. “In the past, the standard for a permanent place of abode was fairly low: A place you could live in, with unfettered access,” said Berkowitz. “Didn’t matter if you didn’t stay there, didn’t matter if you didn’t use it.” Glenn Newman (Greenberg Traurig) Berkowitz and Newman are part of a cottage industry of tax lawyers trying to get New York’s tax collectors to see reason instead of dollar signs. It’s a losing battle, marked by cases like that of John Barker, a Connecticut hedge fund manager who bought a house in the Hamptons so his father-in-law could live there. But Barker stayed there a few weeks a year, and New York claimed him as its own. Perhaps the most famous case in the insular world of Empire State taxation involved a New Jersey resident named John Gaied who owned a 24-hour auto repair shop and an apartment building on Staten Island. Gaied’s parents lived in the building and he paid their utility bills, did tasks for them and occasionally crashed on their couch after a long day’s work. The state declared him a New Yorker. Gaied fought the decision all the way to the Court of Appeals — it was the first time in nearly 100 years the state’s highest court had taken a tax residency case — and won. Even that landmark victory for taxpayers, in 2014, didn’t humble the state. Berkowitz said he expected tax officials to make sweeping changes in their residency regulations, but they just made a few tweaks and went right back to dogging wealthy filers. “They have a very robust residency audit program,” Newman said diplomatically. “They’ve had it for many years.” About 30, in fact. Determinations by New York’s Division of Taxation and Finance are hard to undo, but its ruling against Obus was struck down decisively — “to the surprise of every lawyer and practitioner I know,” said Berkowitz. The judges felt so strongly that they ordered the state to pay Obus’ court costs. And because they ruled unanimously, the state has no automatic appeal. At best, it can ask the Court of Appeals justices to take the case. “I think there’s going to be enormous pressure on them to take it, because this really upends New York’s whole order,” said Berkowitz. “People who might have been filing as residents because they work in New York and have a vacation home are clearly going to be affected.” Newman is hopeful that the state will accept the verdict. “It was 5-0,” he said. “It’s not like they convinced any of the judges.” TAGS Second HomesVacation Homes Top stories All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Los Angeles Brookfield’s Gas Company Tower goes into receivership * New York L&L, Mitsubishi default on Plaza District office tower * South Florida “Very troubling:” Proposed state law could fuel demolitions in coastal cities * Tri-State Pyramid’s mall in trouble again as maturity looms on $245M loan Recommended All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas Top stories delivered to your inbox Weekly National Chicago Hamptons Los Angeles New York San Francisco Tri-state Texas South Florida Daily Chicago Los Angeles New York San Francisco South Florida Texas Industry Commercial Residential Celebrity VIEW ALL NEWSLETTERS SIGN UP TRENDING Blackstone mezz loan offered up by Koreans, signaling distressIvana Trump’s townhouse might be the Upper East Side’s quirkiest listingOffice, industrial return to top of NYC’s lending frayFlorida bill restricting foreign real estate purchases a “slippery slope,” brokers say Residential New York A * COURT SLAPS DOWN TAX RULE, BOOSTING SECOND-HOME MARKET NJ resident with NY vacation house beats the system Nelson Obus (LinkedIn, Getty) Jul 18, 2022, 8:45 AM By * Erik Engquist Save article SHARE THIS ARTICLE * * * * * FONT SIZE AAA A * New York’s second-home market just got a lift from an unexpected source. In a ruling that shocked tax experts, an appeals court said out-of-staters with New York vacation homes don’t have to pay income taxes as if they lived in them full-time. The Appellate Division overturned a longstanding, counter-intuitive state rule that New York tax attorney Glenn Newman called a “disincentive for coming to New York.” “This helps the vacation home market,” the Greenberg Traurig lawyer said of the decision. “It makes it less likely that someone who uses a vacation home would be subject to the 183-day test.” That test has long plagued owners of multiple homes. In determining whether someone spends more than half of the year in New York, any part of a day spent in the state is counted as a full day of living in the state. “The deck is stacked against people,” said Newman. “The burden of proof that you were not in New York is on the taxpayer. How do you prove a negative? How do you prove you were not here?” The system made no sense to Nelson Obus, an investor and New Jersey resident who commuted to work in New York City and had a vacation home upstate, four hours away. Although Obus only visited the second home only a few weeks each year and kept no personal items there, because he owned it, New York counted his work days in the city as days lived in the state. Absurd as that sounds, vacation-home owners and their accountants have long accepted it as something they had to live with. But Obus decided to challenge the system. That also made no sense, at least financially, because the taxes he paid New York reduced the taxes he owed New Jersey by the same amount. Even if his challenge succeeded, which tax professionals considered a long shot, he would save little or no money. Obus didn’t care. When his attorney, Newman, mentioned the lack of upside, his client said, “I pay to New York what’s due to New York and I pay to New Jersey what’s due to New Jersey.” “It was a principled stance,” Newman said. READ MORE New York Escaping New York? Tax man is right behind you New York High court rescues near-dead property tax challenge New York State’s highest court strikes down portion of rent law Obus is not the typical investor making money and staying under the radar. He is known for taking on the Securities and Exchange Commission, which is not something most people do in their spare time. In this case, the New Jerseyan first had to go before an administrative law judge. After being denied, he asked an obscure body called the Tax Appeals Tribunal to set things straight. Again, the tribunal sided with the state. Obus was not deterred. He went to the Appellate Division, a court that real estate players know as a place they can get justice if they are victimized by hack judges in state Supreme Court. SIGN UP FOR THE NEW YORK WEEKLY NEWSLETTER SIGN UP By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. A shot at redemption There are two ways that people who don’t live in New York can be pegged as residents by the state’s roughly 250 notoriously aggressive tax auditors. One is what Berdon LLP partner Wayne Berkowitz calls the “touchy-feely” way: if you consider New York home, based on family and social connections and an intention to move back there. The other is the statutory way: a permanent place of abode plus 183 or more days in a calendar year. It was those boxes that Obus checked. “In the past, the standard for a permanent place of abode was fairly low: A place you could live in, with unfettered access,” said Berkowitz. “Didn’t matter if you didn’t stay there, didn’t matter if you didn’t use it.” Glenn Newman (Greenberg Traurig) Berkowitz and Newman are part of a cottage industry of tax lawyers trying to get New York’s tax collectors to see reason instead of dollar signs. It’s a losing battle, marked by cases like that of John Barker, a Connecticut hedge fund manager who bought a house in the Hamptons so his father-in-law could live there. But Barker stayed there a few weeks a year, and New York claimed him as its own. Perhaps the most famous case in the insular world of Empire State taxation involved a New Jersey resident named John Gaied who owned a 24-hour auto repair shop and an apartment building on Staten Island. Gaied’s parents lived in the building and he paid their utility bills, did tasks for them and occasionally crashed on their couch after a long day’s work. The state declared him a New Yorker. Gaied fought the decision all the way to the Court of Appeals — it was the first time in nearly 100 years the state’s highest court had taken a tax residency case — and won. Even that landmark victory for taxpayers, in 2014, didn’t humble the state. Berkowitz said he expected tax officials to make sweeping changes in their residency regulations, but they just made a few tweaks and went right back to dogging wealthy filers. “They have a very robust residency audit program,” Newman said diplomatically. “They’ve had it for many years.” About 30, in fact. Determinations by New York’s Division of Taxation and Finance are hard to undo, but its ruling against Obus was struck down decisively — “to the surprise of every lawyer and practitioner I know,” said Berkowitz. The judges felt so strongly that they ordered the state to pay Obus’ court costs. And because they ruled unanimously, the state has no automatic appeal. At best, it can ask the Court of Appeals justices to take the case. “I think there’s going to be enormous pressure on them to take it, because this really upends New York’s whole order,” said Berkowitz. “People who might have been filing as residents because they work in New York and have a vacation home are clearly going to be affected.” Newman is hopeful that the state will accept the verdict. “It was 5-0,” he said. “It’s not like they convinced any of the judges.” TAGS Second HomesVacation Homes Top stories All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Los Angeles Brookfield’s Gas Company Tower goes into receivership * New York L&L, Mitsubishi default on Plaza District office tower * South Florida “Very troubling:” Proposed state law could fuel demolitions in coastal cities * Tri-State Pyramid’s mall in trouble again as maturity looms on $245M loan Recommended All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas Top stories delivered to your inbox Weekly National Chicago Hamptons Los Angeles New York San Francisco Tri-state Texas South Florida Daily Chicago Los Angeles New York San Francisco South Florida Texas Industry Commercial Residential Celebrity VIEW ALL NEWSLETTERS SIGN UP TRENDING Blackstone mezz loan offered up by Koreans, signaling distressIvana Trump’s townhouse might be the Upper East Side’s quirkiest listingOffice, industrial return to top of NYC’s lending frayFlorida bill restricting foreign real estate purchases a “slippery slope,” brokers say Los Angeles A * INSTIL BIO TO BUILD MANUFACTURING PLANT IN TARZANA Texas company secures $85M construction loan for 102K sf facility Rendering of Instil Bio's life sciences campus project at 18404-18412 Oxnard Street (CBRE) Jul 18, 2022, 8:30 AM By * TRD Staff Save article SHARE THIS ARTICLE * * * * * FONT SIZE AAA A * Instil Bio, a life sciences company based in Texas, has secured an $85 million loan to build a 102,000-square-foot laboratory and manufacturing plant in the west San Fernando Valley. The Dallas-based firm, which develops clinical-stage cell therapies to fight cancer, aims to construct its campus at 18404-18412 Oxnard Street in Tarzana, the Commercial Observer reported. The new manufacturing, lab and office building, designed with an upswept roofline and glass windows segmented by standing pillars along the curb, is located a half block from the Metro Orange (G) Line busway at Reseda Boulevard. The five-year, $85 million loan from Oxford Properties Group was arranged by CBRE, and will finance completion of the manufacturing plant. Instil acquired the property in October 2020 for undisclosed terms. Los Angeles and Orange counties together ranked seventh for research talent in the life science industry, with the second-highest number of graduates each year in biological and biomedical sciences, according to a recent report by CBRE. SIGN UP FOR THE LOS ANGELES WEEKLY NEWSLETTER SIGN UP By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. Venture capital funding in life sciences in L.A. also jumped 566 percent in the last five years, compared to the national increase of 345 percent, according to the Commercial Observer. “There is an abundance of financing capital in the market for high-quality, purpose-built life sciences projects – and it is exciting to see more properties like this take shape in the greater Los Angeles area,” said CBRE’s Greg Grant, who arranged the financing for Instil Bio. – Dana Bartholomew READ MORE Los Angeles Tishman Speyer, Bellco Capital JV raises $3B for life science buys Los Angeles Sares Regis sells pair of Thousand Oaks industrial buildings TAGS BiotechCommercial Real EstateLife-sciencesSan Fernando ValleyTarzana Top stories All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Los Angeles Brookfield’s Gas Company Tower goes into receivership * New York L&L, Mitsubishi default on Plaza District office tower * South Florida “Very troubling:” Proposed state law could fuel demolitions in coastal cities * Tri-State Pyramid’s mall in trouble again as maturity looms on $245M loan Recommended All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * NYC Property Taxes | Property Tax Reform NYC * Townhouse demand unexpectedly strong - The Real Deal * Donald Trump’s Palm Beach Estate Listed for Rent * StreetEasy NYC | Zillow NY * Bed Bath & Beyond to Liquidate All Stores Top stories delivered to your inbox Weekly National Chicago Hamptons Los Angeles New York San Francisco Tri-state Texas South Florida Daily Chicago Los Angeles New York San Francisco South Florida Texas Industry Commercial Residential Celebrity VIEW ALL NEWSLETTERS SIGN UP TRENDING Blackstone mezz loan offered up by Koreans, signaling distressIvana Trump’s townhouse might be the Upper East Side’s quirkiest listingOffice, industrial return to top of NYC’s lending frayFlorida bill restricting foreign real estate purchases a “slippery slope,” brokers say Los Angeles A * INSTIL BIO TO BUILD MANUFACTURING PLANT IN TARZANA Texas company secures $85M construction loan for 102K sf facility Rendering of Instil Bio's life sciences campus project at 18404-18412 Oxnard Street (CBRE) Jul 18, 2022, 8:30 AM By * TRD Staff Save article SHARE THIS ARTICLE * * * * * FONT SIZE AAA A * Instil Bio, a life sciences company based in Texas, has secured an $85 million loan to build a 102,000-square-foot laboratory and manufacturing plant in the west San Fernando Valley. The Dallas-based firm, which develops clinical-stage cell therapies to fight cancer, aims to construct its campus at 18404-18412 Oxnard Street in Tarzana, the Commercial Observer reported. The new manufacturing, lab and office building, designed with an upswept roofline and glass windows segmented by standing pillars along the curb, is located a half block from the Metro Orange (G) Line busway at Reseda Boulevard. The five-year, $85 million loan from Oxford Properties Group was arranged by CBRE, and will finance completion of the manufacturing plant. Instil acquired the property in October 2020 for undisclosed terms. Los Angeles and Orange counties together ranked seventh for research talent in the life science industry, with the second-highest number of graduates each year in biological and biomedical sciences, according to a recent report by CBRE. SIGN UP FOR THE LOS ANGELES WEEKLY NEWSLETTER SIGN UP By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. Venture capital funding in life sciences in L.A. also jumped 566 percent in the last five years, compared to the national increase of 345 percent, according to the Commercial Observer. “There is an abundance of financing capital in the market for high-quality, purpose-built life sciences projects – and it is exciting to see more properties like this take shape in the greater Los Angeles area,” said CBRE’s Greg Grant, who arranged the financing for Instil Bio. – Dana Bartholomew READ MORE Los Angeles Tishman Speyer, Bellco Capital JV raises $3B for life science buys Los Angeles Sares Regis sells pair of Thousand Oaks industrial buildings TAGS BiotechCommercial Real EstateLife-sciencesSan Fernando ValleyTarzana Top stories All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Los Angeles Brookfield’s Gas Company Tower goes into receivership * New York L&L, Mitsubishi default on Plaza District office tower * South Florida “Very troubling:” Proposed state law could fuel demolitions in coastal cities * Tri-State Pyramid’s mall in trouble again as maturity looms on $245M loan Recommended All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Donald Trump’s Palm Beach Estate Listed for Rent * Bed Bath & Beyond to Liquidate All Stores * NYC Property Taxes | Property Tax Reform NYC * Amy Schumer Penthouse, 443 Greenwich Top Manhattan Market * Bankruptcy Auction Set for Historic Theatre 80 St. Marks Top stories delivered to your inbox Weekly National Chicago Hamptons Los Angeles New York San Francisco Tri-state Texas South Florida Daily Chicago Los Angeles New York San Francisco South Florida Texas Industry Commercial Residential Celebrity VIEW ALL NEWSLETTERS SIGN UP * About us * Contact us * Privacy policy * Subscribe * Corporate Subscriptions * Advertise * Help center * Careers * Shop All rights reserved © 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. 450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 * * * * * * Enter your email for the Real Deal's Residential newsletter close dialog NATIONAL RESIDENTIAL NEWSLETTER DELIVERED WEEKLY Please enter above SUBSCRIBE No, Thanks ANNIVERSARY SALE $20 for 3 months UNLIMITED DIGITAL ACCESS GET OFFER close dialog