When celebrities buy real estate in New York City, they rarely use their own names, preferring to shield their identities behind limited liability companies (LLCs) so that they can settle into a multimillion-dollar apartment without the prying eyes of the media. But come 2015, a change in tax law could change all that. Essentially, if you buy a co-op or a condo right now, you get a tax abatement?but if you're an individual buying beneath the guise of an LLC or a trust after June 30, 2015, you won't be eligible. So in two years, we'll find out what big-name property buyers value more: their privacy or their wallets. [NYO]
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