Tax Savings From Deconstructing Rather Than Demolishing An Old House
Dated: October 12 2016
Deconstruction is an environmentally-friendly alternative to demolition of an existing house and can result in substantial tax savings for people having a new home built.
After dismantling an existing home to clear the way for a new home, the materials are donated to an area charity. The donation is then eligible to be claimed as a charitable tax deduction.
Click here for more information from a recent Washington Post article.
Charles Chapman has more than 20 years' experience in the Montgomery County real estate market. He has been a full-time agent through rising markets and good times, and also through falling markets an....
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