Uniform Capitalization of Interest Expense in Safe Harbor Sale and Leaseback Transactions
other · IRS · Rule · Published 2004-05-20 · Effective 2004-05-20 · 69 FR 29066
Document
Document number
04-11360
Federal Register citation
69 FR 29066
CFR reference
26 CFR 1
Type
Rule
Action
Final and temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2004-05-20
Effective date
2004-05-20
Treasury docket
TD 9129
Abstract
This document contains regulations relating to the capitalization of interest expense incurred in sale and leaseback transactions under the Economic Recovery Tax Act of 1981 (ERTA) safe harbor leasing provisions. The regulations affect taxpayers that provide purchase money obligations in connection with these transactions. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. The final regulations consist of technical revisions to reflect the issuance of the temporary regulations.