Article

Application of UNICAP Rules to Indirect Costs of the Purchase of Land for Raising Almond Trees

Author: Robert P. Achenbach (Agricultural Law Press)

Abstract

A recent Ninth Circuit Court of Appeals decision affirmed the Tax Court’s interpretation of the application of the uniform capitalization (UNICAP) rules to orchard crops. In particular, the case makes clear the requirement of capitalizing indirect costs relating to the purchase of farmland to be used for the production of almonds and other tree nuts, but could easily apply to any tree crop with more than a two year production period.

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How to Cite: Achenbach, R. P. (2019) “Application of UNICAP Rules to Indirect Costs of the Purchase of Land for Raising Almond Trees”, Agricultural Law Digest. 30(1).