Historic Rehabilitation Tax Benefits
Federal and State tax incentives offer greater project returns and require certification of completed projects by Certified Public Accountants (CPAs). These incentives not only encourage the repurposing of valuable historic properties, but also fosters community growth and sustainable redevelopment.
DanVa PLLC is your historic rehabilitation tax advocate or independent auditor, expert in specialty tax areas, and solutionist for risk management challenges.
Discover more on our website – your next step starts here.
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Our consultations are free because we believe in making our expertise accessible to everyone. We’re committed to helping you explore your options, understand the benefits, and guide you towards success — all with no obligation. Let’s work together to bring your vision to life.
Tax Benefits
Unlock the full potential of your historic property with up to 20% in federal tax credits and 25% in Virginia tax credits. Similarly, North Carolina state credits range from 15% to 25%.
Historic Preservation With Purpose
It wasn’t part of the plan — just a drive through Danville turned into something more when they saw the Covey Home. A Queen Anne rich with character and history, it stirred something deeper than admiration. It sparked a vision. What began as a quiet admiration for architectural beauty became a mission to preserve and reimagine a piece of Danville’s legacy.
Through historic tax credit programs and a deep respect for craftsmanship, the Covey Home was restored not just as a building, but as a cornerstone for new beginnings. From a financial perspective, capitalizing on tax incentives mitigated the risk of property mis-valuation.
