answersLogoWhite

0


Best Answer

I'd ask an attorney before I trusted something on Wiki - they'd probably give you a quick answer and wouldn't likely charge for such a simple question. Some non-legal advice: I think that if you're referring to an improvement on land that you're leasing then it likely would be considered an improvement, since it touches the land and will more than likely increase the value. Which unfortunately also likely means that the fence will become the property of the land owner once you leave. *******I would suggest asking an accountant tax related questions, and consult an attorney for legal questions. A fence is a 15 year property. If you vacate the property before the 15 years is up, you would then have a loss of the cost of the fence you have not yet depreciated.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Would a fence be considered a leasehold improvement?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What company allows one to do their credit card processing by phone?

Several companies allows one to do their credit card transaction by phone, these are, GoPayment, Inner Fence, PayPal Here, Sales Vu, Pay Anywhere, these are all used in conjunction with the Iphone.


Who is most affected by income tax?

Middle-income people are most affected by income tax. The Poor are not the most affected by income tax simply because of the way it's structured: you have to make a lot of money before you're liable for taxes at all. The Rich are not the most affected by income tax for two reasons. First is the marginal utility of money. Marginal utility is defined as the added satisfaction you get from consuming one more unit of a commodity. Think of it like this: If you wanted to buy a car and you had $1000, you would go on Craigslist and get a car that looks bad and would run for a couple of years, and it would take all your money. If you had $10,000, you could go to a used car dealer and get a good reliable car, but it would probably still take all your money. It would be hard to spend all of $100,000 on a car, and it would be almost impossible to spend all of $1 million on one. Similarly, people who make $30,000 per year (unless they live in very low-cost areas) spend all their money on routine living expenses; people who make $30 million don't do that even if they have the terrible habit of burning down their uninsured mansions and sinking their uninsured yachts a couple times a year. So if you levy a tax of 50 percent on a person who makes $10 million per year, he or she will notice it less than if you levy a tax of 5 percent on a person who makes $100,000 per year. The other reason is more pragmatic: rich guys can afford to not pay tax. Get out IRS Schedule A (Itemized Deductions). They give you a choice: take the Standard Deduction, which is real high ($11,900 for married filing jointly), or itemize your deductions and use that. You have got to make a ton of money to be able to afford to spend twelve thousand dollars on mortgage interest (not mortgage payments - mortgage INTEREST!), state taxes, medical expenses that come to more than 7.5 percent of your income, gifts to charity, nonreimbursed theft or casualty losses and job expenses that come to more than 2 percent of your income. Rich guys can also invest in tax-free municipal bonds, set up corporations that fence them off from their income in the eyes of the IRS, and otherwise structure their lives with tax avoidance in mind. Middle-income people make too much money to not pay tax, and not enough money to buy their way out of paying it...so, therefore, The Middle Class is the most affected.


Related questions

Where can I find a place that does outdoor fence repair?

There are different companies in each area. I would recommend looking through the yellow pages, or perhaps asking at local home improvement stores to help find fence repair services.


Where can I find some fence designs?

Fence designs can be found not only on line but in home improvement stores. Fence designs will also be made available through your local fencing companies and they will come out create a fence design and then give you an estimate.


Where can I find wooden fence posts locally?

Any lumber yard or home improvement store would have fence posts. retailers such as home deport, lowes, or menards. There maybe a shortage in your area since there was a hurricane. it depends on the damage done by the storm.


Where can I find strong chain link fence parts?

Chain link fence parts can be found for purchase at home improvement store like as Home Depot and Lowes. Online retailer Hoover Fence Co. also sells chain link fence parts.


What is lower fence and upper fence?

The Lower fence is the "lower limit" and the Upper fence is the "upper limit" of data, and any data lying outside these defined bounds can be considered an outlier.


What is meaning of sit on the fence?

When someone has to vote for or against something and he does not make a decision, he is considered "sitting on the fence. " Being Neutral.


Can you hang ornamental flower pots on your side of a neighbor's wooden privacy fence?

Not if the fence is on their property. It would have to run right along the proerty line and be considered a joint fence. However, if you ask your neighbor whether they mind you adding a little beauty to the yard, they probably wouldn't mind.


Are there places on line to find different designs of a fence?

Houzz.com, Pinterest and other home improvement websites are really helpful when you are looking to find different fence designs. Just search for the one you like and make it yours.


Is vinyl fencing an appurtenant structure?

If your referring to the main security fence around your property, be it vinyl wood or metal, it is considered an additional structure by most insurance companies. If you mean some other type of decorative fence like those sometimes found around flowers and such, then no it would likely not be considered structural.


Would a 450fps bb gun go through a fence?

How thick is the fence.


Played by Earl Hindman Wilson Wilson Jr was usually seen behind a fence imparting wisdom on what TV show?

Home Improvement


Pool Fence?

form_title=Pool Fencing form_header=Keep your pool safe and secluded by having a pool fence installed. What are the dimensions of the pool?*= _[50] How tall would you like the fence?*= _[50] Would you like to include a childproof lock?*= () Yes () No