Acquisition Debt

Acquisition Debt

Any debt one uses to buy, make improvements on, or build a residence for oneself. See also: Mortgage.

Acquisition Debt

Debt incurred to acquire, construct, or improve the taxpayer's principal or secondary residence.
Mentioned in ?
References in periodicals archive ?
Thereafter, the loan must qualify as home equity debt or home acquisition debt.
Antle continued, "The financial impact of this acquisition on Oak is expected to be minimal in 1994 and accretive to earnings in future years as we pay down the acquisition debt and begin to realize the return on our investments which we plan to make in Cabel-Con this year.
163(h)(2)(d), "qualified residence interest" (QRI) includes interest paid or accrued during the tax year on (1) acquisition debt on a taxpayer's qualified residence or (2) home-equity debt on a taxpayer's qualified residence.
The ratings could be affirmed if RCI reduces acquisition debt using proceeds from the issuance of equity or asset sales such that the credit profile of Cablesystems is not materially changed.
26, 2006, due to a financing structure proposed by the successful bidder, India-based Tata Steel Limited (Tata Steel), that would burden Corus with much of the acquisition debt.
461(g)'s legislative history indicated congressional intent to permit (but not require) taxpayers to currently deduct points on their home acquisition debt.
Management's ability to quickly integrate acquisitions, combined with the strong excess cash flow from operations, allows the company to quickly pay down acquisition debt and maintain firm control over balance sheet leverage.
With more than 70 dedicated professionals, GE Energy Financials Services' debt finance group provides a full complement of debt products and services for the energy and water industries, including structured, project and acquisition debt, equipment leases and loans, revolving credit facilities, fleet financing and corporate loans.
For example, if a farmer transfers relatively new buildings (with depreciation expense) and significant acquisition debt (with related interest expense) to an LLC, a net rental loss may be created, while simultaneously increasing farm profit.
However, this is mitigated by Cox's demonstrated ability to generate sufficient cash flow to rapidly repay the acquisition debt.
This additional prepayment will leave us with less than $280 million of acquisition debt outstanding," said Jeff Hinton, Senior Vice President and Chief Financial Officer.
Because Germany remains a relatively high-tax jurisdiction, purchasers generally want to inject acquisition debt (and the respective interest deductions) into Germany.

Full browser ?