When the Tax Relief Act of 2010 (HR 4853) became law, it contained several provisions that benefit commercial real estate, including the 15 - year cost recovery for leasehold improvements in 2011 and the 15 percent capital gains rate. (realtormag.realtor.org)
Keep information on the cost of leasehold improvements for your tax advisor. (thebalancesmb.com)
15 - year straight - line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012 (nar.realtor)