Yes, just when you thought your favorite condiment couldn't get any better, I present to you 9 unusual uses for mustard that go beyond sandwich-making. But first, a little mustard history! Way back when, the Romans were first introduced to mustard seeds by the Egyptians.
Therefore, the basis in the building is $850,000 (85% x $1 million). A cost segregation study identifies the portions of the building that qualify as personal property and land improvements for depreciation purposes (but are still like kind for 1031 purposes).
When dealing with a property easement, we start out with two basic types: appurtenant and gross. An appurtenant easement is normally for the benefit of adjoining lands, no matter who the owns them. With a gross easement, the easement rights are for a specific individual rather than for the benefit of the adjoining lands. There are two further categories of easements: affirmative and negative. An affirmative easement is the most common. It entitles the holder to do something on another individual's land, such as cross over the land. A negative easement prevents an estate from doing something, such as building a high structure that blocks the view of a building.