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What does LI stand for?

LI stands for Leasehold Improvements (taxation, accounting)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of LI

Other Resources:
We have 24 other meanings of LI in our Acronym Attic

Samples in periodicals archive:

What the temporary regulations did clarify (which has been the rule since 1986) is that a taxpayer must amortize leasehold improvements under the cost recovery provisions of the Internal Revenue Code applicable to the improvements without regard to the term of the lease.
The company said it amortized certain leasehold improvements on one of its properties over a period that exceeded the lease term, causing a cumulative understatement of leasehold amortization expense of $410,000 as of Dec.
If your company doesn't require a loan or other financing to construct its initial leasehold improvements, you should nonetheless make every effort to negotiate a financeable ground lease in order to give you sufficient flexibility to use its leasehold interest and leasehold improvements to obtain financing at a later date.
If the proceeds are used for qualified construction of leasehold improvements to the space, the cash or rent reduction will not be included in the tenant's gross income.
On November 25, 1997, Tax Executives Institute filed comments with the Department of Finance proposing a legislative change in respect of the treatment of capital cost allowances (CCA) for leasehold improvements (Class 13 assets).