Publication Date
Summer 2009
Journal
Tax Law Review
Abstract
The article explores the potential of Shared Appreciation Mortgages (SAMs) to enhance housing affordability and reduce financial risks for borrowers. However, it identifies significant tax barriers that impede their adoption, particularly the lack of clear IRS guidance and punitive tax treatment. The authors propose reforms, such as creating a safe harbor and eliminating imputed interest inclusion, to address these issues and make SAMs a viable option for addressing housing affordability challenges.
Volume
62
Issue
4
First Page
505
Last Page
538
Publisher
New York University School of Law
Disciplines
Banking and Finance Law | Environmental Law | Law
Recommended Citation
Andrew Caplin, Noel B. Cunningham & Mitchell L. Engler,
Rectifying the Tax Treatment of Shared Appreciation Mortgages,
62
Tax L. Rev.
505
(2009).
https://larc.cardozo.yu.edu/faculty-articles/1601
