One benefit is that the value of real estate tends to depreciate over time, so a tax code allows commercial property owners to depreciate a property's value in return for an annual deduction on income taxes.
One benefit is that the value of real estate tends to depreciate over time, so a tax code allows commercial property owners to depreciate a property's value in return for an annual deduction on income taxes. This system provides property owners and investors to also be compensated for renovations aimed at addressing maintenance concerns.