SILOs Slammed by Legislative and Regulatory Assault, But Transition Relief Granted Partnerships
Author: Staff Editors.
Source: Volume 18, Number 06, July/August 2005 , pp.55-61(7)
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Abstract:
In Notice 2005-13,1 the IRS added sale-in lease-out (SILO) transactions to its shelter lists. Depreciation advantages provided by SILOs had previously been severely constricted by the American Jobs Creation Act, but the IRS wished to nail the coffin shut. On the other hand, transitional relief has been provided to some passthrus that lease property in SILOs.Keywords:
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