United States IRC sections
Statute section
IRC section 263
Capital expenditures
Country
United States
Section
263
Updated
2026-05-20
Operative text
Section 263 generally disallows current deductions for amounts paid for new buildings or for permanent improvements or betterments made to increase the value of property. Such amounts must be capitalized and recovered through depreciation or amortization.
Cross-references
26 U.S.C. 16226 U.S.C. 263A
Related guides
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- StatuteIRC §162
- StatuteIRC §263A
- CaseINDOPCO, Inc. v. Commissioner
- CaseWelch v. Helvering
Cited by
- CaseINDOPCO, Inc. v. Commissioner
- StatuteIRC §263A
Primary sources
- 26 U.S.C. section 263Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.