Wow.
http://online.wsj.com/article_email/SB10001424052748703745704576136671394373928-lMyQjAxMTAxMDEwMTExNDEyWj.html
This is going to be interesting......
I'm surprised this isnt making bigger news - any thoughts?
Cheers,
Dean
Btw if you want to parse the whole ruling - http://www.nysdta.org/Decisions/822324.dec.pdf
Some comments made where i posted it elsewhere;
http://www.brownstoner.com/forum/archives/2011/02/new_york_state.php#comments
http://streeteasy.com/nyc/talk/discussion/25184-big-tax-ruling-bad-news-for-second-homes-in-nyc
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