r/business • u/PolarsGaming • 19d ago
Can a company buy a property to write off taxes?
I've seen everywhere a lot of houses and properties worth millions of dollars yet almost no one has a salary bug enough to afford them, do rich people use their business and tax write offs to but these expensive mansions and things?
1 Upvotes
2
u/RelayFX 19d ago
Only if the property is a justifiable business expense like an office building for example. A private residence for the owner doesn’t count.