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A new consulting service being offered by Weinstein Realty Advisors is
Cost-Segregation. Cost-Segregation is the process of separating and classifying
construction costs according to the classifications provided by the IRS Code
Section 168(1).
This is a specialized service that helps a business / corporation reduce their
income tax liability while increasing cash flow. By identifying and segregating
costs related to 5, 7 and 15 year property from the 39 year non-residential
property costs, such property can be depreciated over a much shorter time.
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This study analyzes the capital expenditures or investments made in commercial,
industrial, office, hospital, apartment complexes or other such related
facilities. The study reviews that cost where properly allocated between the
real property and personal property for the purpose of tax depreciation.
Partial List Of Assets That Potentially Could Be Re-Classified:
15 Year Property: Land Improvements*
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Asphalt Paving
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Exterior Lighting
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Signs & Fencing
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Pre Cast Concrete Parking Bumpers
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Sidewalks and Curbing
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Parking and Roadway Lights
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Carports
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Site Preparation
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Site Improvements
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Underground sprinklers
5,7 Year Property: Furnishing, Fixtures & Equipment*
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Emergency Lighting
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Alarm System
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Office Furniture & Fixtures
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Lockers
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Reception Desk Area
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Free Standing Partitions & Movable
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Walls Conduits, Wiring, Cables
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Floor Molding
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Water Systems
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Dock Equipment
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Pass Thru Windows
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Window Treatments
* A more detailed asset specific chart is available upon request.
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