CLASSIFYING PROPERTY - IMPROVEMENTS OTHER THAN BUILDINGS (LAND IMPROVEMENTS) - 8610.3

(Revised 10/2020 and renumbered from 8613)

Improvements other than buildings (land improvements) consist of permanent improvements that add value to land but do not have an indefinite useful life. The improvements may be associated with a specific building, but would not be an improvement of the building itself. Improvements other than buildings (land improvements) are capitalized if the capitalization threshold in SAM section 8602 is met.

Examples of land improvements include:

• Fences
• Retaining walls
• Parking lots
• Most landscaping