How about an
article on real estate investments returns, leverage, hassles, tax benefits,
depreciation recapture and how the capital gains tax works.
[3] The STL system is in fact composed of 5 different measures, namely (1) the accelerated
depreciation rule (
Article 115 (6) of the Spanish Tax Law
on Corporate Tax (TRLIS)-RRB-; (2) the discretionary application of early
depreciation (
Article 115 (11) TRLIS and
Articles 48 (4) and 49 of the Spanish Regulation
on Corporate Tax (RIS); the tax status of EIGs (
Article 48 and 49 TRLIS); (4) the Tonnage Tax system (
Articles 124 to 128 TRLIS); and (5) a rule according to which certain sea - going vessels that would normally be regarded as used or second hand upon their transfer into the Tonnage Tax system are deemed to be new (
Article 50 (3) RIS).