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Tax Deduction Consulting: Commercial Real Estate Brigham City UT

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
H&R Block
(801) 225-4018
738 S STATE
OREM, UT

Data Provided by:
Abd Svc
(801) 953-0633
2866 S 7070 W
West Valley, UT

Data Provided by:
H&R Block
(801) 262-0758
4871 S STATE ST
MURRAY, UT

Data Provided by:
H&R Block
(801) 223-9766
1549 N STATE ST STE 102
OREM, UT

Data Provided by:
Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Lunt Gary
(435) 656-1232
435 E Tabernacle St Ste 105
St George, UT

Data Provided by:
H&R Block
(801) 546-3091
27 S FORT LN
LAYTON, UT

Data Provided by:
H&R Block
(801) 294-7998
75 E 2200 S
BOUNTIFUL, UT

Data Provided by:
H&R Block
(801) 272-0412
5002 S HIGHLAND dr
SALT LAKE CITY, UT

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Tax Deduction Consulting: Commercial Real Estate

Commercial Real Estate Tax Deduction

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

If you are an owner of commercial real estate, deductions are coming your way. For individuals with investment and business properties, ownership can offer special tax deductions. If you choose your investment wisely, these incentives can be punctuated and enhanced. Most deductions come from those buildings in less affluent areas, and construction that enhances energy efficiency. Making the most of your commercial real estate in deductions is key to a hefty tax return for owners.

For any energy saving adjustments you make to your piece of real estate, you will see a significant deduction. Under the Energy Policy Act of 2005, property owners are subject to $1.80 of deduction per square foot. Every square foot that was enhanced for energy saving purposes is included. Such efficiencies include solar heating, sunroofs for lighting and even insulation advances. In order for these improvements to be included, there must be a fifty percent energy savings as a result of the work done.

If you choose to rebuild an old piece of property, you too will see deductions. If the building in question was built before 1936 or is a certified Historic Structure, you are in luck. As the owner of the building, it is assumed that you will be making upgrades to the property. If you renovate, restore or rebuild the building, you are entitled to ten to twenty percent credit of the expenditures. In addition, if you run a business that assists the economically challenged, there are several deductions your real estate property will be eligible for.

If your building meets requirements set forth by the Americans With Disabilities Act, you may also have deduction possibilities. After meeting certain requirements, such as a staff of less than thirty individuals, you are eligible for up to fifty percen...

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