If you decide to rebuild your HQ, you may well have to destroy the old one, even if someone would have bought it from you.
When a developer buys a property, razes it, and builds a new building there, all those costs and actions are permitted.
I find it amusing that a studio, who is almost surely getting professional tax advice with full knowledge of the facts and circumstances, is having the legality of the proposed course of action not just questioned but outright confidently asserted as contrary to the law based on an article that’s light on details.
> is having the legality of the proposed course of action not just questioned but outright confidently asserted as contrary to the law based on an article that’s light on details.
i'm confused, is the article saying that its illegal, or is it saying that it ought to be illegal? i for one agree with that attitude, or at the very least believe that a studio shouldnt be able to get a tax writeoff for just sending a completed film to the void.
When a developer buys a property, razes it, and builds a new building there, all those costs and actions are permitted.
I find it amusing that a studio, who is almost surely getting professional tax advice with full knowledge of the facts and circumstances, is having the legality of the proposed course of action not just questioned but outright confidently asserted as contrary to the law based on an article that’s light on details.