What is Acquisition Indebtedness? So, lets start at the beginning. Mortgage interest is tax deductible. The first type of mortgage interest defined under the tax code is called âacquisition indebtednessâ. As you might expect, this includes the cost of borrowing to acquire your home, but also includes debt incurred to build or substantially improve a residence, as long as the debt is secured by the same residence.
Although Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an Annual Report, they are required to pay an annual tax of $250.00 ($300.00 to be made effective July 1, 2014, beginning tax year 2014) .
Delaware Holding Companies. Delaware corporate tax statute provides significant savings for passive investments held in the state of Delaware. A Delaware Holding Company (DHC) is a legal entity incorporated in Delaware which limits its activities in Delaware to the maintenance and management of intangible assets. The passive income produced by those assets are entirely exempt from Delaware state income tax. 30 Del. C. 1902(b)(8).