Improved Land

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Improved Land

Improved Land means:
land that has some improvements; that is, land that has been partially or fully developed for use. Any of the following activities applied to a piece of raw land will result in improved land:

• landscaping and grading.

• installation of utilities.

• construction of roads, curbs, and/or gutters.

• construction of buildings.

Before land is improved, it may be considered a capital asset.

Related Entries in the American Tax Encyclopedia:

  1. Land
  2. Improvement
  3. Substantial Improvement
  4. Special Assessment
  5. Unimproved Property
  6. Real Estate
  7. Section 1221
  8. Fixed Asset
  9. Capital Loss
  10. Long-term Contract
  11. Gross Profit Ratio
  12. Investment Interest Expense
  13. Industrial Property
  14. Subsection (f) Asset
  15. Capital Gain
  16. Living Expenses
  17. Section 1231
  18. Tax-exempt Property
  19. Mid-month Convention
  20. Bond Discount
  21. Stepped-up Basis
  22. General Utilities Doctrine
  23. Nonredeemable Ground Rent
  24. Interest Deductions
  25. Goodwill

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