Fla. Tax Regulator Eases Stance On Rental Improvements

Law360, New York (February 5, 2014, 7:33 PM EST) -- The Florida Department of Revenue's recent guidance on the tax implications of leasehold improvements signals an easing of its staunch interpretation of when sales taxes should be applied on improvements to commercial rental property, experts said Wednesday.

In a private-letter ruling released Jan. 27, the Department of Revenue determined that improvements a Florida company had made on a commercial property it was renting would not be subject to sales tax — a departure from its long-held position that all leasehold improvements should be subject to sales taxes, attorneys...
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