Examples of our success
Auto Dealer Cost Seg
An auto dealer built a $5 Million new showroom/repair property. After we completed the cost segregation analysis on the project costs, the owner took an additional $650,000 in depreciation deductions over the first 5 years. We reallocated 35% of the cost into the proper shorter tax lives from 39 year.
Food Prep Cost Seg
A large retailer built a $174 Million food prep facility with cold storage 3 years ago. After we completed the cost segregation analysis and corrected errors on the depreciation schedules, the company took a $37 Million catch-up depreciation deduction in the first year.
Hotel Cost Seg
A $31 Million hotel was built by a client 6 years ago. After we completed the cost segregation analysis and corrected errors on the depreciation schedules, the owners took a $6.1 Million catch-up depreciation deduction in the first year.
Industrial Property Tax
We saved a manufacturing company over $135,000 per year by identifying non-taxable personal property being reported and taxed. This property included disposed assets, pollution control exemptions and exempt vehicle classifications We successfully won appeals on the real estate as well.
Commercial Property Tax
We saved a national commercial tenant 100% of its annual tax by determining the tenant should be exempt from taxation due to their type of business. We successfully appealed the property and the assessors agreed with our extensive research of the law in that state and county.
Hotel Cost Seg
A hotel investor acquired a small boutique hotel for $14 Million. After we appraised the land and did a purchase price allocation (cost segregation), the owners took an additional $2.3 Million in depreciation deductions over the first five years with an overall NPV after tax benefit of $600,000. We reallocated 26% of the cost into shorter tax lives and 21% into land.
Manufacturing Cost Seg
A recreational vehicle client acquired three very old industrial properties in 2010 for $14 Million. We performed a cost segregation analysis allowing the company to take a one year catch-up depreciation deduction of $535,000 in 2012 from properly placing the assets into the appropriate tax life categories.
Retail Cost Seg
In 2000, a private investor acquired three retail pharmacy properties in a 1031 Exchange but never had a cost segregation analysis done at the time. As a result of our cost segregation analysis in 2012, he was able to take a one year additional catch-up depreciation deduction of approximately $455,000.