Prospective Changes in Tax Law and the Value of Depreciable Real Estate

33 Pages Posted: 8 Mar 2007 Last revised: 14 Mar 2021

See all articles by Patric H. Hendershott

Patric H. Hendershott

University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)

David C. Ling

University of Florida - Warrington College of Business Administration

Date Written: May 1984

Abstract

The Economic Recovery Tax Act of 1981 significantly reduced the taxation of income-producing properties by accelerating tax depreciation on both new and, especially, existing properties. A partial reversal of the 1981 legislation appears likely. To provide some insight into the possible effects of a decrease in tax depreciation of income-producing properties, two potential tax changes are analyzed: an increase from 15 to 20 years in the tax service lives of both new and existing properties and an increase for existing properties only. Both residential and commercial/industrial properties are considered.

Suggested Citation

Hendershott, Patric H. and Ling, David Curtis, Prospective Changes in Tax Law and the Value of Depreciable Real Estate (May 1984). NBER Working Paper No. w1352, Available at SSRN: https://ssrn.com/abstract=969312

Patric H. Hendershott (Contact Author)

University of Aberdeen - Centre for Property Research ( email )

Aberdeen AB24 2UF
Scotland

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

David Curtis Ling

University of Florida - Warrington College of Business Administration ( email )

P.O. Box 117168
Gainesville, FL 32611
United States
352-392-9307 (Phone)
352-392-0301 (Fax)

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