Substantial Improvement

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Definition: Substantial Improvement

Substantial Improvement
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Full Definition of Substantial Improvement

Any improvement made to a building at least three years after the building was placed in service; improvements made over 25 percent of the value of the building over a two-year period.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/substantial-improvement/
Modern Language Association (MLA):
Substantial Improvement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 08, 2024 https://payrollheaven.com/define/substantial-improvement/.
Chicago Manual of Style (CMS):
Substantial Improvement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/substantial-improvement/ (accessed: November 08, 2024).
American Psychological Association (APA):
Substantial Improvement. PayrollHeaven.com. Retrieved November 08, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/substantial-improvement/

Definition Sources

Definitions for Substantial Improvement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.