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Cost Segregation is a process to identify personal property assets that often get buried or lumped together within the real property asset. Our consultants reclassify those asset costs to the shortest possible depreciable life to enable the real estate owner to maximize their tax depreciation deduction, thereby reducing current income tax obligations. If you are undertaking construction, renovation or purchase of a building, you may be eligible for substantial state and federal tax savings.
What Is It For?
A cost segregation study is a strategic analysis that allows companies that have constructed, bought, expanded or remodeled real estate to increase their cash flows by accelerating depreciation-related tax deductions. To do so, the study identified, segregates and reclassifies property costs currently being depreciated over the typical 39-year depreciable period to shorter depreciable periods of 15, 10 seven or even five years. This means you can enjoy tax deductions right now that you’d otherwise have to wait years to receive. So you’ll not only increase the net value of current tax savings, but also boost your cash flow.
A cost segregation study may be a particularly wise move if you’re:
The analysis works most efficiently for new buildings under construction, but it can uncover retroactive deductions for older buildings as well.