Demolishing Your Old Business Building: The Cost Can Move Into Land
A teardown can eliminate remaining building basis without creating an immediate deduction.
TOPIC COLLECTION
Building projects
A focused reading path from Owner Occupied. Start with the question closest to your situation, then review the linked sources and documentation steps.
Land Preparation for New Premises: General Grading and Building Excavation Need Separate Records
One earthwork contract can create nondepreciable land costs and costs associated with depreciable assets.
Historic Business Premises: Test the Rehabilitation Credit Before Promising a Project Subsidy
The credit depends on certification, substantial rehabilitation, qualified costs, and five-year timing.
Asbestos Work in Business Premises: Separate Compliance Scope From Tax Classification
Required removal does not make every project cost a current repair or every building safe to renovate without review.
Cleaning Contaminated Land After Purchase: The Tax Cost Can Stay in Land Basis
Correcting a material preexisting soil condition can be a capital betterment even when it was undiscovered at closing.