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Qualified leasehold improvement property" includes any improvement to an interior portion of a building that was nonresidential real property, provided certain requirements were met: 197 to which the MACRS rules apply, (3) water utility property to which the MACRS rules apply, (4) qualified leasehold improvement property to which the MACRS rules apply, (5) nonresidential real property or (6) residential rental property. If your company doesn't require a loan or other financing to construct its initial leasehold improvements, you should nonetheless make every effort to negotiate a financeable ground lease in order to give you sufficient flexibility to use its leasehold interest and leasehold improvements to obtain financing at a later date. |
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