A taxable REIT subsidiary (TRS) or an independent contractor would move the tenants boats into and out of the dry dock storage facilities. Additionally, some states require their marinas to pay taxes and they in turn pass this burden on to boat owners. The term improvements to land means inherently permanent structures and their structural components. There are two main types of boat slips. (i) In general. A taxable REIT subsidiary (TRS) or an independent contractor from which Taxpayer derives no income will move boats into and out of the dry dock storage facility. (iii) The factors described in this paragraph (g) Example 4 (ii)(A) through (E) all support the conclusion that the bus shelters are not inherently permanent structures within the meaning of paragraph (d)(2) of this section. In short, a boat slip could give you some equity and it's convenient if you tend to use your boat frequently. (2) Licenses and permits. This section provides definitions for purposes of part II, subchapter M, chapter 1 of the Internal Revenue Code. Docks, Appraisals and Mortgage Lending - Waterfront Property Law Other inherently permanent structures include the following distinct assets if permanently affixed: Microwave transmission, cell, broadcast, and electrical transmission towers; telephone poles; parking facilities; bridges; tunnels; roadbeds; railroad tracks; transmission lines; pipelines; fences; in-ground swimming pools; offshore drilling platforms; storage structures such as silos and oil and gas storage tanks; and stationary wharves and docks. However this factor does not outweigh the factors supporting the conclusion that the Electric System and telecommunication infrastructure system are structural components. A license, permit, or other similar right that is solely for the use, enjoyment, or occupation of land or an inherently permanent structure and that is in the nature of a leasehold or easement generally is an interest in real property. On the flip side, you should consider a dock if you are on a budget. (1) In general. Land includes water and air space superjacent to land and natural products and deposits that are unsevered from the land. The Boat Slip The Boat Slip, 3 Bed House for Sale - propertyskipper.com Removal of the Conventional Partition System causes substantial damage to the Conventional Partition System itself but does not cause substantial damage to the building.