Monday 19 March 2018

Elimination of deductions puts for-sale market “in the toilet”: REBNY panel

When it comes to tax reform, executives at Brookfield Property Partners are voting with their feet, at least anecdotally. “The elimination of the state and local income tax and deductibility of interest is a big deal,” Brookfield Property Partners chair Ric Clark said Monday at the Real Estate Board of New York’s spring members’ luncheon. “I can tell you this anecdotally: We have a couple of senior executives that work for us that actually moved […]



source https://therealdeal.com/2018/03/19/elimination-of-deductions-puts-for-sale-market-in-the-toilet-rebny-panel/

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