What Does The New Mansion Tax Mean For New York?
The new real estate tax regime 'will take a little time to get assimilated', writes Frederick Peters, CEO of Warburg Realty in New York, for Forbes - but 'if it makes the subways run on time, it will be cheap at the price!'
What to read next
New York’s pied-à-terre tax paused after nearly a million properties swept into rollout row
Homeowners launch legal challenge to implementation, arguing City Hall ‘arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge.
Los Angeles Times: The year of the ‘mansion tax’
12 months on, Measure ULA 'has either been a godsend or an absolute disaster, depending on who you ask,' says the LA Times.
China launches retroactive tax crackdown on wealthy citizens’ offshore assets
Beijing is said to be pursuing HNWIs for unpaid tax on overseas assets going back decades.
Most read
Savills adds senior names in Notting Hill & Islington
Marsh & Parsons and Knight Frank alumni join the agency's prime London network.
Major agency reins in long-range PCL forecast
Strutts now expects cumulative growth of just 4.4% by 2030 - down from 9%-12% at the start of the year - but sees downward pressure easing in 2027.
In Pictures: Inside Oliver Burns Studio’s £21.25mn show apartment at The Bryanston
3,872 sq ft turnkey residence is the latest designer collaboration at Almacantar’s 54-unit super-prime scheme overlooking Hyde Park.
RBKC vs Westminster: What do the latest ONS numbers really tell us about PCL?
Westminster prices are apparently down by a quarter and RBKC by 15% - but the detail tells a rather more nuanced story.
Reality check: will ‘mansion tax police’ really be inspecting homes?
There are significant issues with the roll-out of the incoming High Value Council Tax Surcharge, but recent headlines seem a bit excitable.
Behind the Structure: Understanding ownership risk in prime residential property
Required Reading: Sanctions have raised the stakes when it comes to navigating complex ownership structures. Anthony Hanratty explains what prime property professionals should be looking for.
Grosvenor warns historic London homes could lose their appeal without planning reform
Great estate pushes for shake-up to help Mayfair & Belgravia properties cope with rising temperatures.
‘Cost pressures are real but so is the opportunity’: The new economics of prime resi construction
Skills shortages, regulatory delays and the net-zero push are piling pressure on projects - but a repriced PCL market could work in developers’ favour, argues Ben Godfrey.
Nest Seekers picks London for global luxury property summit
Berkeley Group signs up as headline sponsor as luxury brokerage prepares to convene agents from across its 2,500-strong network.
Council intervenes over future of one of Britain’s most important mansions
Buckinghamshire officials take formal action over deteriorating condition of historic Rothschild estate.
LATEST ARTICLES
Non-dom exodus could be costing Treasury £4bn a year, claims top wealth lawyer
Stephenson Harwood’s James Quarmby says it’s the wealthiest departures that matter - and warns they aren’t being replaced.
In Pictures: $157mn trophy estate emerges from ‘one of the most iconic renovations in Palm Beach history’
This newly-completed 27,000 sq ft waterfront compound comes with 15 bedrooms, a sunken clay tennis court, private theatre and boat lift.
What’s been selling under the hammer in 2026 – and what to expect in H2
Savills Auctions boss Robin Howeson runs through the firm's first-half numbers and explains why ‘certainty in uncertain times’ is keeping the auction room busy.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Supreme Court curbs technical challenges to Right to Manage claims
Failure to serve participation notices will no longer allow freeholders to defeat otherwise qualifying RTM claims, after the Supreme Court overturned a Court of Appeal ruling that lawyers said had handed…