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New York’s high-end real estate may be unaffected by tax law


New York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estate.


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Real estateNew York’s high-end real estate may be unaffected by tax law January 4, 2018 Douglas Elliman listing in New YorkImage credit: Douglas Elliman   By Brielle JaekelNew York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estateTo read the entire article, please subscribe or sign 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