![]() ![]() 280B generally disallows a loss or deduction when you demolish a structure. But before you demolish a newly purchased building, you need to be aware of the tax implications - particularly how Internal Revenue Code (IRC) Section 280B and changes in the final tangible property regulations work, so that you can preserve depreciation deductions. With the commercial real estate market on the upswing in many parts of the country, investors and developers are again turning to properties with older buildings on them for development opportunities. A sidebar looks at the tax benefits of partial dispositions of property. This article highlights what investors and developers need to know before demolishing a newly purchased building. IRC Section 280B and changes in the final tangible property regulations affect how to preserve depreciation deductions. Tax Preparation and Consultant ServicesĪbstract: With the commercial real estate market on the upswing in many parts of the country, investors and developers are again turning to properties with older buildings on them for development opportunities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |