Deduction of leasehold improvements
ID:CVDLI
Video Overview
Many business owners lease the properties from where they conduct their businesses. These properties were probably not originally built with the specific needs and requirements of the lessees taken into account. This means that lessees often want to make improvements to the properties to better suit their needs. These improvements can be deducted from the lessee’s Gross income to determine their taxable income for the year.
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