For real estate investors, the 1031 exchange is a powerful tool for managing tax liability when selling and purchasing investment properties.
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New York City real estate has a lot of intricacies and quirks, but one of the more important ones that purchasers need to be aware of are lot line windows. Lot line windows are windows located directly on edge of the building’s property line.
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The “Mansion Tax” is a New York State tax imposed on the purchase of residential property for $1 million or more, excluding the sale of personal property and most closing costs.
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“Title” represents the bundle of rights associated with property ownership. Whoever title is vested in has the right to possess, occupy, improve or transfer that property as he or she sees fit.
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