Basic and Non-Basic Tax Tips for Leasing Lawyers

Practical Real Estate Lawyer, Vol.35, p.48, Jan. 2019

Brooklyn Law School, Legal Studies Paper No. 583

17 Pages Posted: 7 Jan 2019

Date Written: January 7, 2019

Abstract

Leases raise numerous tax issues. Attorneys advising landlords and tenants should be aware of the general tax aspects of leases and know of more complicated tax issues that may affect leases and be prepared to introduce those issues to experts in taxation of leases. This article covers basic tax aspects of leases, including the character and timing of rental income and rent deductions; the deductibility of tenant improvements; and the consequences to the landlords and tenants of lease terminations, including leases with tenant improvements. The article also introduces non-basic leasing topics, such as section 467 leases and loans and leases used in basic and complex section 1031 exchanges.

Suggested Citation

Borden, Bradley T., Basic and Non-Basic Tax Tips for Leasing Lawyers (January 7, 2019). Practical Real Estate Lawyer, Vol.35, p.48, Jan. 2019; Brooklyn Law School, Legal Studies Paper No. 583. Available at SSRN: https://ssrn.com/abstract=3311645

Bradley T. Borden (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

HOME PAGE: http://www.brooklaw.edu

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