Services
Cost Segregation
Are You Purchasing, Constructing, or Remodeling a Building?
If so, increase your cash flow with a cost segregation study.
What
Is A Cost Segregation Study?
It
is a strategic tool that accelerates tax depreciation deductions by
identifying and reclassifying qualifying project costs from a 39-year
life into either 5, 7, or 15 year depreciable lives. This maximizes
a company's cash flow by reducing current taxable income and deferring
federal and state income taxes. It defers
taxes - it does not eliminate them.
Who
Can Use It?
If
you have recently purchased improved real estate, constructed a new
building, or made substantial improvements to an existing building,
you can likely reduce your taxable income for several years by segregating
the property by class lives.
When Should It Be Done?
Ideally, a cost segregation study should be completed during the year when the
building or the improvement is placed in service. Thus, it is much more
efficient to do the study either during construction or shortly after
completion.
The Advantages
· Identifies assets that qualify for shorter depreciable lives
· Increases cash flow by deferring income taxes
· Assists with property tax reporting
· Provides detail for obtaining tax credits
· State Investment
Tax Credits
· Rehabilitation Credit
· Disability Access Credit
· Identifies cost for future asset retirements
What Projects Qualify?
· Apartments & Assisted Living
· Auto Dealerships
· Banks and Brokerage Firms
· Businesses with Tenant Improvements
· Health Care Facilities
· Manufacturing and Industrial Facilities
· Office Buildings
· Resorts and Hotels
· Restaurants
· Retail Facilities, Strip Shopping Centers, and Regional Malls
· Research and Development
· Speculative Office/Industrial Buildings
· Sports Facilities/Spas
For more information on how to increase your cash flow with a Cost Segregation Study, please contact Stephen Oliner / 410. 363.3200
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