Home Forums Revaluations Tangibles on Apartments Reply To: Tangibles on Apartments

Chris Celeste
Post count: 39

I would go with the “income approach captures it” theory. Additionally, you can’t rent an apartment without a stove and fridge. The real estate ceases to function as intended without those items, just like a toilet or a boiler. Therefore, I would opine that they are not taxable as tangibles in an apartment.