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- 26 U. S. Code § 467 - Certain payments for the use of property or . . .
In the case of any section 467 rental agreement to which this paragraph applies, the portion of the rent which accrues during any taxable year shall be that portion of the constant rental amount with respect to such agreement which is allocable to such taxable year
- Commercial real estate: Landlords can turn to Sec. 467
A Sec 467 rental agreement is an agreement for the use of tangible property where the aggregate amount of payments received as consideration for use of the property (plus the aggregate value of any other consideration to be received) exceeds $250,000
- §467. Certain payments for the use of property or services
The term "constant rental amount" means, with respect to any section 467 rental agreement, the amount which, if paid as of the close of each lease period under the agreement, would result in an aggregate present value equal to the present value of the aggregate payments required under the agreement
- Instructions for Form RP-467 and RP-467-Rnw Application and Renewal . . .
Real Property Tax Law, section 467, gives local governments and public school districts the option of granting a reduction in the amount of property taxes paid by qualifying senior citizens
- Section 467 Leases: Having Your Cake and Eating It Too?
To avoid this unfavorable result, Congress enacted Section 467 Under Section 467, if an upfront payment of rent is made upon entering into a lease, the landlord and tenant can agree to allocate that prepayment ratably over the lease term
- 467 - Wikipedia
Year 467 (CDLXVII) was a common year starting on Sunday of the Julian calendar At the time, it was known as the Year of the Consulship of Pusaeus and Iohannes (or, less frequently, year 1220 Ab urbe condita)
- [4830-01-u] DEPARTMENT OF THE TREASURY Internal Revenue Service
Section 467 evidences recognition that tax avoidance may result from the use of either increasing or decreasing rents in a section 467 rental agreement, depending on the circumstances of the lessor and lessee in the particular transaction
- Sec. 467. Certain Payments For The Use Of Property Or Services
The term “constant rental amount” means, with respect to any section 467 rental agreement, the amount which, if paid as of the close of each lease period under the agreement, would result in an aggregate present value equal to the present value of the aggregate payments required under the agreement
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