Business Property Rules for Tax Deductions

If you own a business, you’re likely familiar with the rules for business expense deductions. Like other business expenses, your new fence needs to be ordinary and necessary to the business in order to classify as a legitimate deduction. 

There are several reasons why a new fence would be necessary for your business, however. For example, an old fence that poses a safety hazard would need to be replaced for the sake of your business. A privacy fence may be necessary, depending on the nature of your business. A chain-link fence may be necessary to clearly mark your business property line and keep out intruders, etc. 

Improvements to your business property are typically deductible on the taxes filed for the year that the project is completed. 

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