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Tax Exemptions Rental Property

Bilzin Sumberg

Part 2/2: Missing Middle Tax Exemption Updates for 2025

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The Florida Housing Finance Corporation is preparing to begin processing applications for the Missing Middle Tax Exemption for the 2025 tax year. Some of the deadlines for processing exemption applications have changed. This...more

Bilzin Sumberg

Florida Live Local Act Tax Exemption Guidance Officially Updated

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The Live Local Act provides a property tax exemption of up to 100% of the assessed value of a qualifying project’s units. In order to qualify, a project must contain at least 71 housing units, and must serve housing occupants...more

Morrison & Foerster LLP

On the REIT Track

UK real estate investment trusts (UK REITs) benefit from certain tax exemptions that have the effect of putting their shareholders in a tax position broadly equivalent to that of a direct investor in UK real estate. Those...more

K&L Gates LLP

NSW Build-to-Rent – Treasurer's Guidelines and Planning Law Details Released

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OVERVIEW - In late July 2020 the New South Wales Government announced it would provide duty and land tax incentives for qualifying "build-to-rent projects". Qualifying projects must meet conditions set out in the Treasurer's...more

Holland & Knight LLP

Section 421-a and New York City's New Rent Law

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A number of questions have arisen concerning the impact of the recently adopted Housing Stability and Tenant Protection Act of 2019 (HSTPA) on the Section 421-a Tax Exemption Program. HSTPA (Chapter 36 of the Laws of 2019)...more

Foster Garvey PC

Short-Term Rental Update: Disney works its magic for short-term rentals; Airbnb educates Seattle's short-term rental community

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Disney Works its Magic for STRs - ("Anaheim leaders are reversing their ban on short-term rentals that offer an alternative to hotels to tourists to Disneyland and the area," OC Register - Business News on Jun 5, 2019) ...more

Hogan Lovells

What's on the radar for real estate?

Hogan Lovells on

In this short guide, we have highlighted some of the key legal changes that are on the real estate radar in a variety of international jurisdictions. ...more

Foster Garvey PC

Convention Center Tax Expands to Small Hotels/Motels and Short-Term Rentals

Foster Garvey PC on

Washington lawmakers have decided that all types of lodging in King County should participate in funding the Washington State Convention Center. Since the advent of King County’s convention center tax in 1982, hotels and...more

Kramer Levin Naftalis & Frankel LLP

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

Pullman & Comley, LLC

Property Tax & Valuation Topics - Winter 2017

Pullman & Comley, LLC on

On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more

Faegre Drinker Biddle & Reath LLP

Being a “good landlord” not enough to prove low income housing qualified for Indiana’s charitable purpose property tax exemption

In Housing Partnerships, Inc. v. Tom Owens, Bartholomew County Assessor, Pet. No. 49T10-1005-TA-23 (June 6, 2014), Taxpayer owned several individual homes, duplexes and small apartment buildings. The properties were rented...more

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