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Tax Deduction Consulting: Commercial Real Estate Rutland VT

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

Harton & Associates Robert & Jeff
(802) 878-4458
57 River Rd
Essex Junction, VT
 
H&R Block
(802) 479-9100
TWIN CENTER PLAZA SHOPPING CENTER 1284 RTE 302
BERLIN, VT

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Liberty Tax Service
(802) 865-2829
1197 Williston Rd
South Burlington, VT
 
Independent Tax Service Inc
(802) 863-2271
Chace Ml
Burlington, VT
 
H&R Block Inside St Albans Commons
(802) 524-3140
178 SWANTON RD
SAINT ALBANS, VT

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Guinness Tax Service
(802) 658-2132
34 Patchen Rd
South Burlington, VT
 
Misasi & Misasi PC
(802) 388-6307
11 Ct St
Middlebury, VT

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Champlain Tax Service
(802) 863-1040
20 Kimball Ave
South Burlington, VT
 
Liberty Tax Service
(866) 871-1040
972 Putney Rd # 6
Brattleboro, VT

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H&R Block Inside The Centre
(802) 388-3190
260 COURT ST
MIDDLEBURY, VT

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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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