The Pied à Terre Paradox: When Tax Loopholes Become a Game of Chance The New York City department of finance has sent out notices to homeowners requiring them to prove their properties are primary residences, exempt from the city's new pied à terre tax.
On the surface, this seems like a routine exercise in paperwork.
However, scratch beneath the surface and you'll find a complex web of rules, exemptions, and bureaucratic hurdles that leave many feeling like they're playing a high stakes game of chance.