Article Date:
June 2013

Word Count:



Rats! Related Parties Destroy Qualified Leasehold Improvements



I enjoyed last month’s article Huge Tax Deductions for Landlords and Tenants, Last Call on the ability of the landlord or the lessee to write off a real property improvement immediately under Section 179 ($250,000 limit), use 50 percent bonus depreciation, and write off any leftover amount over a tax-advantaged 15 years, but I don’t think this works for related parties.


Am I correct?




Yes, you are correct.


For “qualified leasehold improvement property,” a lease between related parties is not a lease and ... Log in to view full article.

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