Commercial Property; Improve Commercial Property Now to Capture 2013 Tax Benefits

Improve Commercial Property Now to Capture 2013 Tax Benefits.

f you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

– See more at: http://www.inman.com/2013/05/17/improve-commercial-property-now-to-capture-2013-tax-benefits/?utm_source=twitterfeed&utm_medium=twitter&utm_content=%23LandLord,+%23RealEstate+%23Investments+%23Investor+%23CommercialRealEstate,+%23Money+%23Agent+%23Broker#sthash.G3anPJ0q.dpuf

 

Improve commercial property now to capture 2013 tax benefits

Real Estate Tax Talk

Office remodel image via Shutterstock.Office remodel image via Shutterstock.

If you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

– See more at: http://www.inman.com/2013/05/17/improve-commercial-property-now-to-capture-2013-tax-benefits/?utm_source=twitterfeed&utm_medium=twitter&utm_content=%23LandLord,+%23RealEstate+%23Investments+%23Investor+%23CommercialRealEstate,+%23Money+%23Agent+%23Broker#sthash.G3anPJ0q.dpuf

f you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

– See more at: http://www.inman.com/2013/05/17/improve-commercial-property-now-to-capture-2013-tax-benefits/?utm_source=twitterfeed&utm_medium=twitter&utm_content=%23LandLord,+%23RealEstate+%23Investments+%23Investor+%23CommercialRealEstate,+%23Money+%23Agent+%23Broker#sthash.G3anPJ0q.dpuf

f you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

– See more at: http://www.inman.com/2013/05/17/improve-commercial-property-now-to-capture-2013-tax-benefits/?utm_source=twitterfeed&utm_medium=twitter&utm_content=%23LandLord,+%23RealEstate+%23Investments+%23Investor+%23CommercialRealEstate,+%23Money+%23Agent+%23Broker#sthash.G3anPJ0q.dpuf

f you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

– See more at: http://www.inman.com/2013/05/17/improve-commercial-property-now-to-capture-2013-tax-benefits/?utm_source=twitterfeed&utm_medium=twitter&utm_content=%23LandLord,+%23RealEstate+%23Investments+%23Investor+%23CommercialRealEstate,+%23Money+%23Agent+%23Broker#sthash.G3anPJ0q.dpuf

If you own and rent out commercial real estate and have been thinking about making improvements to the property, you should do so by Dec. 31, 2013.

Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

    15-year depreciation period (instead of 39 years).
    Section 179 deduction up to $250,000.
    50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.

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