Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24442 — Items Not Deductible
Cal. Rev. & Tax. Code § 24442
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1985-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In the case of the demolition of any structure—
Citator
Cal. Rev. & Tax. Code § 24442 — Items Not Deductible is in force in the current edition of the Code, and nothing recorded condemns it.
In the case of the demolition of any structure—
(1) No deduction otherwise allowable under this part shall be allowed to the owner or lessee of such structure for—
(A) Any amount expended for such demolition, or
(B) Any loss sustained on account of such demolition; and
(2) Amounts described in paragraph (1) shall be treated as property chargeable to capital account with respect to the land on which the demolished structure was located.