What is a reasonable percentage of a propertys purchase price that can be allocated to chattel property?
While each property is unique, it is reasonable to assume that 6% of your purchase price including land can be allocated to chattels. In cases where you enter into the program more than 50% of the building cost in chattel property, you will receive a warning message. This is an uncommon situation and may be the result of an error.
Related Questions
- I’m not in a position to fully fund the purchase of a property yet and the price of Spanish properties seems to be rising quickly. What can I do?
- What is a reasonable percentage of a propertys purchase price that can be allocated to chattel property?
- If we buy property in Yuba City, will the property taxes change to reflect the new purchase price?
