Final tangible property repair regulations: Unit of property and acquisition or improvement of property

Washington National Tax Services
This is the second WNTS Insight in a three-part series that discusses in depth the recently issued final regulations regarding the deduction and capitalization of expenditures related to tangible property (final repair regulations).  The first Insight discussed rules related to effective dates, materials and supplies, the de minimis rule, and rotable spare parts. This Insight focuses on rules related to the unit of property and acquisition or improvement of property.  The third Insight will include a discussion of dispositions, general asset accounts, the recovery of capital improvements subject to lease, and removal costs.


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