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Real estate

US tax reform prompts wealthy home buyers to leave high-tax states

February 13, 2018

The law has given immense tax breaks to the country's wealthiest people. Image credit: Sotheby's International Realty

 

By Danny Parisi

The tax reform bill passed by Congress late last year is poised to have an effect on the country’s luxury real estate industry as buyers consider moving across state lines to deal with tax rate changes.

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  1. Day's wrap: LVMH, Snapchat, Nordstrom, Saks, Amazon and Threads
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  3. Snapchat's struggles continue with 3M lost users in Q2
  4. Condé Nast Traveller merges US, UK titles for international appeal
  5. Luxury brands pick risky celebrity ambassadors
  6. Audi offers an escape in action-packed film
  7. Consumers prefer bricks-and-mortar for first-time purchases, online for repeat buys
  8. Luxury straws, counterfeits, StarLux Airlines and Tesla - News briefs
  9. LVMH picks Dentsu as new primary North American media agency
  10. Dior taps WeChat’s direct-to-consumer potential in social selling effort
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