§ 280b. - Demolition of Structures

26 U.S.C. § 280B
in: § 280b. - Demolition of Structures
Previous § 280a. - Disallowance of Certain Expenses in Connection With Business Use of Home, Rental of Vacation Homes, Etc.Next § 280c. - Certain Expenses for Which Credits Are Allowable

In the case of the demolition of any structure—

  • (1) no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for—
    • (A) any amount expended for such demolition, or
    • (B) any loss sustained on account of such demolition; and
  • (2) amounts described in paragraph (1) shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located. (Added Pub. L. 94–455, title XXI, § 2124(b)(1), Oct. 4, 1976, 90 Stat. 1918; amended Pub. L. 95–600, title VII, § 701(f)(5), Nov. 6, 1978, 92 Stat. 2902; Pub. L. 96–541, § 2(b), Dec. 17, 1980, 94 Stat. 3204; Pub. L. 97–34, title II, § 212(d)(2)(C), Aug. 13, 1981, 95 Stat. 239; Pub. L. 98–369, div. A, title X, § 1063(a), (b)(1), July 18, 1984, 98 Stat. 1047.)
Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.