Divorce attorney Jacqueline Newman thought one of her cases was nearly wrapped up. Her wealthy client and soon-to-be ex-spouse had maybe one or two issues left to hash out in settlement talks. Then came a wrinkle: the city’s impending pied-à-terre tax. The client’s former partner wanted the Tribeca co-op, valued at more than $5 million, for trips into New York City — and she wanted her ex to cover the annual 6.5 percent tax surcharge the city’s new pied-à-terre tax is expected to impose on the unit beginning in January. For Newman, a managing partner at Berkman Bottger Newman & […] This article originally appeared on The Real Deal.
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