Craig Ingber, a partner at Belkin Burden Wenig & Goldman, writes: New York City recognizes several limited exemptions from the payment of Real Property Transfer Tax, one of which applies when a not-for-profit corporation is either the transferor or transferee of an interest in real property. As a result, these types of corporations are attractive 'partners' when engaging in transfers of real property in New York City.
Profiting With Not-for-Profits
New York Law Journal
August 13, 2012
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