Of that $465k allocated to 5-year property, $18k to 7-yr, $132k to 15-yr, and $1.3 million to 27.5-yr.

The simple fact is that the city of vancouver is understaffed and bogged down in its own red tape that densifying, rezoning and pushing through building and development permits far quicker is what they should focus on instead of empty condos and allocating staff to door knocking and enforcement.

When the LLP recognizes income, it is allocated to its members which increases a member’s basis in the LLP.

To determine your basis for depreciation, you first allocate a portion of the purchase price to the land, and the balance to the dwelling structure.  

The depreciation will be on your building( not land),  so you have allocate 100k between the land and building. 

On a $24K property, the difference between a 58% allocation to depreciable improvements and a 75% allocation is $4000.

Yes, but....First, you must own/hold the property that you exchange into for at least five (5) years, which would include the years in which you rented it out and the years in which you lived there.Second, the capital gain at the date of sale will be allocated between the number of years the property was held as a rental property (non-qualified use) and the number of years it was used as your primary residence (qualified use).

At the time of the purchase $50,000 was allocated as the share of the purchase price attributable to the land and $250,000 was allocated to the building.Dr.

But there are other scenarios for which I could not find out a definite answer on how to allocate, or no answer at all.

I am unclear how to allocate expenses between my property LLCs and my management LLCs.