Allowable depreciation after acquisition of share in asset-m ...
According to a ruling of the Supreme Tax Court, the shareholder (partner) of an asset-managing partnership who has acquired his share for a consideration, can claim depreciation on the jointly owned depreciable assets on a pro rata basis and only in accordance with his acquisition costs and the remaining useful life of the respective asset at the time the share was acquired.
Kategorien: Supreme Tax Court cases
Schlagwörter: Asset & Wealth Management, partnership, ...