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Please let us know if you made (or plan to make) interior improvements to a non residential building that is leased. Expensing of up to $250,000 is available for certain types of real property. This rule applies to tax years 2010 and 2011.
Examples of improvements that may qualify are ceilings, doors, divider walls, and various electrical and plumbing improvements including permanent lighting fixtures and sprinkler systems.
This provision does not include enlargement of the building itself or the internal structural framework of the building (load bearing walls and structural supports.) However, if you have any questions as to whether your improvement qualifies, please contact us.
Click on the News Quick Link below to go to the newsletter page of our website for an article titled Congress passes individual and business tax incentives in the Small Business Jobs Act of 2010. |
