Capital improvement


Also found in: Financial.

Capital improvement

An improvement made to real estate that has an extended lifetime and increases the property’s value, such as new construction, rehabilitation, or replacement of mechanical equipment, as opposed to maintenance work.
References in periodicals archive ?
MILLBURY - To help identify and prioritize town projects, the town is looking to form the town-meeting approved Capital Improvement Planning Committee.
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 was made.
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.

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