Depreciation of tenant improvement costs.(Corporate Expansion & Relocation)(United States' Jobs and Growth Tax Relief Reconciliation Act of 2003)
From: Los Angeles Business Journal
|
Date: 8/11/2003
|
Author: Sheehan, Miriam; Westhoff, Pamela
Commercial property owners and tenants should consider taking advantage of an accelerated depreciation provision in the newly enacted U.S. Jobs and Growth Tax Relief Reconciliation Act of 2003 that could result in significant tax savings on property acquisitions and leasehold improvements.
Rather than depreciating newly acquired equipment and interior space buildout costs over traditional depreciation periods, the new law allows 50 percent of eligible costs to be depreciated in ...
COPYRIGHT 2003 CBJ, L.P.
This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
For permission to reuse this article, contact Copyright Clearance Center.