Commercial Real Estate Tax

  What is personal property? All property that is not characterized or taxed as “real estate” or “real property” is considered to be a PERSONAL PROPERTY. Business personal property includes everything from pens and other small items to computers and manufacturing equipment. It is available whether it is claimed, rented, leased, lent, or in any case made available to the business.  Who Must File A Business Personal Property Listing? Everyone who owns equipment used in a business must complete a personal property listing by April 30 each year. The listing must include a description of the equipment, its cost, and the acquisition year. The completion of a listing is required of all individuals, partnerships, corporations and associations who on January 1 own, control or possess any amount of leasehold improvements or personal property (tangible) utilized or held for a business reason. When and Where Does a Business Owner List? The business personal property listing must be filed...

  Commercial real estate software helps in managing the real estate operations conducted by the agents? As a matter of fact, these commercial real estate software are very good in providing  real estate solutions depending on the type of property and they are mostly used by managers in the commercial real estate business to handle processes, documents, and managing costs. Wondering which one is fit for you? Read below! Commercial appraisal software offers many opportunities to grow your efficiency and increase your productivity. There are several companies out there offering innovative solutions to real estate software. Here are several real estate software worth checking out. 1. MRI Software MRI Commercial Management offers the real estate managers with a perfect customization solution. It helps to maximize the profitability in real estate by improving the investments. It provides a real-time and actionable data that helps the companies manage their assets from a safe and se...

  In commercial real estate, there are many tax benefits for investors and owners. In this post, there are top 7 most commonly used tax benefits in the industry, and how to gain advantage of them. Top 7 Tax Benefits for Commercial Real Estate : Commercial Mortgage Interest is Tax Deductible Depreciation is a Tax Benefit Non-Mortgage Expenses Lower Capital Gains Tax Rate Qualified Business Income Tax Deduction Federal Tax Credits Tax Advantages for Commercial Real Estate Losses Commercial Mortgage Interest is Tax Deductible Just like home owners, commercial real estate owners can reduce their commercial mortgage interest from their taxes. In some cases, this deduction is high enough to balance the taxes owed on profits generated by a property. This is particularly true in the case of mortgages with higher interest rates. Depreciation is a Tax Benefit The IRS permits investors and owners to claim depreciation as a tax deduction over 39 years for commercial properties.  There are...