With land prices increasing, developers are looking for opportunities to save on development costs, including cost saving tax strategies. Thus, we have seen increasing interest in development strategies that offer tax savings. One strategy is speculative building: Owners of property who self-perform construction avoid sales tax and B&O tax on the self-performed scope. See Blog Article Posted April 9, 2013, titled What Is A Speculative Builder? In addition, the Department of Revenue has provided an explanation of speculative building.
RCW 82.32.655 Tax Avoidance Statute/Speculative Building
August 29, 2018
Scott R. Sleight - Ahlers Cressman & Sleight PLLC Blog
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