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- 26 U. S. Code § 467 - Certain payments for the use of property or . . .
In the case of any section 467 rental agreement to which this paragraph applies, the portion of the rent which accrues during any taxable year shall be that portion of the constant rental amount with respect to such agreement which is allocable to such taxable year
- Commercial real estate: Landlords can turn to Sec. 467
This item explores commercial property holders’ use of Sec 467, which governs the timing of rental income and expense in certain circumstances
- §467. Certain payments for the use of property or services
The term "constant rental amount" means, with respect to any section 467 rental agreement, the amount which, if paid as of the close of each lease period under the agreement, would result in an aggregate present value equal to the present value of the aggregate payments required under the agreement
- Section 467 Leases: Having Your Cake and Eating It Too?
To avoid this unfavorable result, Congress enacted Section 467 Under Section 467, if an upfront payment of rent is made upon entering into a lease, the landlord and tenant can agree to allocate that prepayment ratably over the lease term
- Lease modifications: Watch out for IRC section 467 | Baker Tilly
The section 467 rules control the timing of rental income and expense for tax purposes in certain situations where there is significant deferred or prepaid rent and or stepped rents
- [4830-01-u] DEPARTMENT OF THE TREASURY Internal Revenue Service
Section 467 evidences recognition that tax avoidance may result from the use of either increasing or decreasing rents in a section 467 rental agreement, depending on the circumstances of the lessor and lessee in the particular transaction
- Section 467 Rental Agreements – Back with a Vengeance?
A Section 467 rental agreement is defined as a written or oral agreement between a lessor and lessee for the use of tangible property with increasing or decreasing rents, or deferred or prepaid rents, and total rents exceeding $250,000
- Instructions for Form RP-467 and RP-467-Rnw Application and Renewal . . .
Real Property Tax Law, section 467, gives local governments and public school districts the option of granting a reduction in the amount of property taxes paid by qualifying senior citizens
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