The new tax reform proposal unveiled by the House of Representatives appears to bode well for the commercial real estate sector.
The legislation, which still must work its way through Congress and could change, maintains many of the existing provisions that benefit the commercial real estate industry. For example, the bill continues to allow the deduction of interest expenses. While businesses currently can deduct interest expenses on commercial loans, the House bill seeks to cap this amount for some industries—except for commercial real estate, according to The New York Times.
Read more...GOP Tax Plan Carries Benefits for the CRE Industry | National Real Estate Investor
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