MoFo New York Tax Insights - Volume 3, Issue 10 - October 2012


In This Issue:

Membership in a Residential Club Does Not Constitute a Permanent Place of Abode in New York; Furniture Included in Hotel Sale Subject to Sales Tax as a Bulk Sale; Department Proposes Amendments to Combined Return Regulations; Tribunal Denies Costs to Petitioner; and Insights in Brief

Excerpt Membership in a Residential Club Does Not Constitute a Permanent Place of Abode in New York

In an Advisory Opinion, TSB-A-12(4)I (N.Y.S. Dep’t of Tax. & Fin,. Aug. 28, 2012), the New York State Department of Taxation and Finance ruled that for New York income tax purposes, an individual’s acquisition of an ownership interest in a private, member-owned residential club in New York City did not constitute maintaining a permanent place of abode in New York.

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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