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    Lorenzo3208's Avatar
    Lorenzo3208 Posts: 1, Reputation: 1
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    #1

    Mar 31, 2008, 05:55 AM
    Non Residential Real Estate Taxes in New York City
    I am currently a resident of New York City.
    I am thinking of moving outside of New York and renting my apartment.
    What are the tax implications of owning a property in NYC, but living outside the state.
    My understanding is that the laws changed in recent years and there is an extra tax for outside residents.

    On a similar note: Does the state of New York or NYC levy a tax on the sale of a property in NYC if the owner lives outside the city or state?
    (ie New Jersey levies a 2% tax on realestate for non residents of the state>
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 5, 2008, 09:47 AM
    These are local tax questions that go in depth into NY and NYC tax law.

    I cannot answer them, so I recommend that you seek counsel from a NYC-based tax consultant.
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