Buckley is also well-versed counseling clients with matters relating to the Private Housing Finance Law and New York Real Property
Tax Law Section 421-a.
Generally, for personal income tax purposes, the sale of a partnership interest is treated as a sale of an intangible asset, unless the assets of such partnership include New York real property
and the value of such property is 50% or more of the total fair market value of all the partnership's assets on the date of sale.
New York Civil Practice Law and Rules with Decision of Interest from the New York Law Journal," a 1000-page volume that includes the complete text of the 2009 New York Real Property
Actions and Proceedings and 2009 Real Property Law, and case digests and articles from "NYLJ.
Schneiderman's urges come on the heels of new legislation, an amendment to Section 442 of the New York Real Property
Law, that declared the practice of rebating as legal and not an ethical grey area as it had previously been considered.
For example, New York will tax items such as the distributable share of income from a former law or accounting partnership and rental income from New York real property
A graduate of Fairfield University and Fordham University School of Law, Weisner has co-authored articles in the New York Real Property
Law Journal and the New York Law Journal and has been repeatedly named as a leading real estate lawyer in the New York Metro edition of Super Lawyers magazine and has been recognized by Chambers USA since 2008.
The claim of threatened changes in New York real property
law regarding the conversion of co-ops and condos was invalid because the bills addressing this issue were not introduced into the state legislature until 1985, while the sales agreement to convert one of the buildings is dated February 1983.
As most brokerage firms realize, the language of the court is parallel to New York Real Property
Law, Section 443 where a disclosure form is mandated, that must set forth: A real estate broker may represent both the buyer and the seller if both the buyer and seller give their informed consent in writing.
A potential Gains Tax is triggered upon the transfer of a "controlling interest" in an entity owning New York real property
To illustrate further, assume that the executor contested the value of the New York real property
during the probate proceeding but received a determination after the federal Form 706 was filed.
A rent demand which was signed by Sister Fanto Massimo, the treasurer of the Missionary, was served on the tenants pursuant to New York Real Property
Actions and Proceeding Law (RPAPL).