Conclusion

• Author: William F. Machen
• Pages: 129-129

Owners of historic buildings and investors seeking the benet of

the Rehabilitation Tax Credit must navigate through a mineeld

of complex tax issues to successfully take advantage of this tax

incentive. Hopefully, this publication will serve as a useful tool for

helping owners, developers, investors, lenders, and their advisers

gain a better understanding of some of these tax rules. Of course,

the tax landscape is constantly changing as a result of amendments

to the Code, the issuance of new or amended Treasury Regulations

or other administrative guidance, and new judicial decisions. These

changes and decisions can produce traps for the unwary. Readers

are urged to monitor closely new developments in the tax area to

avoid falling into any of these traps.

129

Conclusion 11

Machen_RehabTaxCr_20150513_08-49_ConfirmationPass.indd 129 5/14/15 8:56 AM