Depreciation Recapture definition

Depreciation Recapture means the portion of any gain from the disposition of an asset of the Company which, for U.S. federal income tax purposes, (1) is treated as ordinary income under Section 1245 of the Code, (2) is treated as ordinary income under Section 1250 of the Code, or (3) is “unrecaptured Section 1250 gain” as such term is defined in Section 1(h) of the Code.

Depreciation Recapture has the meaning set forth in Section 5.8(a)(iii) hereof.

Depreciation Recapture shall have the meaning set forth in Section 6.05.

Examples of Depreciation Recapture in a sentence

• Depreciable Cost Basis:$800,000Before-tax IRR:6.04%7.40%Preferred Partner Residual Share 50%Ordinary Income Tax Rate:35.00%After-tax IRR:4.76%6.44% Capital Gains Tax Rate:15.00%Ratio AT/BT:0.7870.870 Depreciation Recapture 25.00% Year: Oper.

• It is the Partners' understanding and agreement that, to the extent possible without increasing the total gain on such disposition allocated to a Partner pursuant to Section 8.4.1. the Depreciation Recapture will be allocated among the Partners in proportion to the cost recovery (depreciation) deductions, with respect to Section 1245 property.

• Subject to Section 7.02(b) (Special Allocations) and Section 7.04 (Depreciation Recapture), the Net Profits and Net Losses of the Company for each Fiscal Year shall be allocated to the Members pro rata in accordance with their respective Percentages.

• The Partners agree that, to the extent possible, without increasing the total gain on such transactions allocated to a Partner in a particular calendar year, the Depreciation Recapture will be allocated among the partners in the proportion to their percentage interest in profits and losses of the Partnership.

• Taxes Due on Sale Calculations: Net Sale ProceedsLess: Adjusted BasisEquals: Total Gain$10,827 $1,159 Estimated Property CFFO in Year 11Selling MultipleExpected Sale PriceLess: Selling ExpensesEquals: Net Sale Proceeds$886 13$11,518 $691 $10,827 $9,668 Less: Accumulated Depreciation (total)Equals: Capital Gain $749 Depreciation Recapture TaxCapital Gain TaxEquals: Total Taxes on Sale@ 25%$187@ 15% $1,338 $1,525 $8,919 C.

More Definitions of Depreciation Recapture

Depreciation Recapture is defined in Section 5.8(a)(iii).

Depreciation Recapture has the meaning given to such term in Section 6.5(a)(ii)(B).

Depreciation Recapture has the meaning set forth in Section 13.05(a)(i)(B).

Depreciation Recapture is defined in Section 7.05.

Depreciation Recapture means the portion of any gain from the disposition of an asset of the Company that, for U.S. federal income tax purposes, (a) is treated as ordinary income under Code Section 1245, (b) is treated as ordinary income under Code Section 1250 or

Depreciation Recapture mean the amount of any depreciation recapture (net of any losses) on property, plant and equipment resulting from the election under Section 338(h)(10) of the Code described in Section 5.9.

Depreciation Recapture shall have the meaning specified in Section ---------------------- ------- 5.7(a)(ii)(B) hereof. -------------