USA – TEXAS Law and Practice Contributed by: Taylor Cooksey, Philip Kinkaid, Serena Kramer and David Brooks, Cokinos | Young
ments may also offer temporary tax abatements to encourage development or business reloca - tion, benefitting commercial property owners. Federal deductions for property taxes, mortgage interest, operating expenses and depreciation are also available, as is potentially qualifying for a Section 103 “like-kind” exchange to defer capital gains tax when investing proceeds into another property.
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