MILLBURY - To help identify and prioritize town projects, the town is looking to form the town-meeting approved Capital Improvement
Although working capital improvement
programs are frequently led by the finance team, working capital management itself is more than a numbers game.
Instead, the paper extends one or more existing tax law principles--the "general plan" doctrine of capital improvement
and the general principle of cost capitalization.
The Internal Revenue Service disallowed the amended refund claim, stating that the cost basis of the house had to be determined using the exchange rate on the purchase date and when each capital improvement
While this rule sounds simple enough, its application is not; the question of whether a specific expenditure is a deductible repair or a capital improvement
is not nearly so clear and depends on the facts and circumstances of each situation.
Advance at Southgate is a four-story, 320,000 s/f building that, as part of a multi-million dollar capital improvement
program, is being completely redeveloped by Advance Realty Group into one of its signature "World Class Business Environments.