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" Any amount paid out for new buildings or for permanent improvements or betterments' made to increase the value of any property or estate; 3. "
New York State Personal Income Tax Law: Summary and Text of Law. List of ... - Page 83
by Harris, Forbes & Co., New York - 1920 - 102 pages
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Technical Explanation of the Energy Tax Incentives Act of 2003: To Accompany ...

2003 - 150 pages
...information avail40Under section 263, capital expenditures are defined generally as any amount paid for new buildings or for permanent improvements or...made to increase the value of any property or estate. Treasury regulations define capital expenditures to include amounts paid or incurred (1) to add to...
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Environmental Aspects of Real Estate and Commercial Transactions: From ...

James B. Witkin - 2004 - 1108 pages
...increase the value of any property or estate." IRC § 263. 15. "No deduction shall be allowed for (a) any amount paid out for new buildings or for permanent...betterments made to increase the value of any property or (b) any amount expended in restoring property or making good the exhaustion thereof for which an allowance...
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United States Statutes at Large, Volume 53, Part 1

United States - 1939 - 780 pages
...imposed by this chapter. (b) LOSSES FROM SALES OR EXCHANGES or PROPERTY. — (1) LOSSES DISALLOWED. — In computing net income no deduction shall in any case be allowed in respect of losses from sales or exchanges of property, directly or indirectly — (A) Between members of a family,...
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Practical Guide to Mergers, Acquisitions and Business Sales

Joseph B. Darby - 2006 - 542 pages
...year in carrying on any trade or business ..." In contrast, Code Sec. 263 prohibits the deduction of "[a]ny amount paid out for new buildings or for permanent...to increase the value of any property or estate." The US Supreme Court has stated that in distinguishing a current business expense from a capitalizable...
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Joint Committee on Taxation's General Explanation of Tax Legislation Enacted ...

Joint Committee on Taxation - 2007 - 856 pages
...sec. 1.613A-7(s). 76 Under section 263, capital expenditures are defined generally as any amount paid for new buildings or for permanent improvements or...made to increase the value of any property or estate. Treasury regulations define capital expenditures to include amounts paid or Continued Courts have held...
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Practical Guide to Real Estate Taxation

David F. Windish - 2007 - 700 pages
...treatment of expenditures made in connection with the purchase of real estate. Generally, any amounts paid out for new buildings or for permanent improvements or betterments made to increase the value of any property are not currently deductible expenses.19 Rather, these expenses are capital...
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Tax Accounting in Mergers and Acquisitions, 2008

Glenn R. Carrington - 2007 - 744 pages
...long-term benefit."19 14 Code §263(a) provides that no deduction is allowed for any amount paid out for permanent improvements or betterments made to increase the value of any property, or any amount expended in restoring property or in making good the exhaustion thereof for which an allowance...
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