Federal Historic Preservation Tax Credits (20% of qualified rehabilitation expenditures) are available for income-producing properties listed on the National Register. New York State offers an additional 20% credit for qualifying properties. While these apply to the buyer's future renovation costs, highlighting their availability makes your property more attractive to preservation-minded investors and owner-occupants planning significant restoration work.
From the seller playbook: Historic District and Landmark Restrictions - Impact on Sale and Buyer Pool
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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