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What is historic rehabilitation credit?

A federal tax credit generally equal to 20% of qualified rehabilitation spending on certified historic structures used in an income-producing activity, claimed ratably over five years under current rules.

Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.

Related terms

From the free Real Estate Finance course by Devon Coombs, CPA, MBA.