Prospective Changes in Tax Law and the Value of Depreciable Real Estate
Patric H. Hendershott
University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)
David C. Ling
University of Florida - Warrington College of Business Administration
NBER Working Paper No. w1352
The Economic Recovery Tax Act of 1981 significantly reduced the taxation of income-producing properties by accelerating tax depreciation on both new and, especially, existing properties. A partial reversal of the 1981 legislation appears likely. To provide some insight into the possible effects of a decrease in tax depreciation of income-producing properties, two potential tax changes are analyzed: an increase from 15 to 20 years in the tax service lives of both new and existing properties and an increase for existing properties only. Both residential and commercial/industrial properties are considered.
Number of Pages in PDF File: 33working papers series
Date posted: March 8, 2007
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