Commercial Property Improvements Equal Tax Benefits in 2013

By Sandra

Are You Missing an Opportunity to Capture 2013 Tax Benefits?

commercial property improvements by design builder APPRO Development 09-26-2013If commercial property improvements are on your horizon, there is still time to improve your commercial property before the end of the year. Did you know there are tax benefits available if you own and lease out commercial real estate? But, you will need to act fast – you have until December 31, 2013 to take advantage of these tax benefits.

According to Stephen Fishman in a recent blog article in Inman News, “Improve Commercial Property Now to Capture 2013 Tax Benefits”, “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.”

APPRO Development, Inc., your midwest design-build, general contractor, has been helping business owners like you to find unique property solutions for more than 25 years. We have a few openings left in our fall schedule – Contact Us today to schedule your commercial property improvement.

   
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