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How To Identify If Your Client Could Qualify For Significant Tax Savings:
- Did they acquire a new building?
- Are they renovating, expanding or constructing a building?
- Are there building components that could be re-classed as personal property?
If So, They Could Save With A Cost Segregation Study
Contact Scarpello Consulting To Get Started: 877.410.5040
You Identify The Opportunity And
The Scarpello Team Will Take Care Of The Rest
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Cost Segregation should be considered by virtually every taxpayer who owns, is constructing, renovating or acquiring real estate. But, here are a few examples of qualified buildings to help as you uncover opportunities: | |
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Office Complex
Assumptions
- Tax Year: 2022
- Effective Tax Rate: 45%
- Discount Factor: 8%
- Total Cost: $10,000,000
- First Year Tax Savings: $533,653
- Total Savings: $478,269
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| Re-Classed
Basis
$1,200,000 | Remaining 1250 Property
$6,800,000 | Land
$2,000,000 | TOTAL
$10,000,000 | | 481(a)
Adjustment
$0 | Bonus
Depreciation
$1,200,000 | ATNPV
$369,496 | First Year
Tax Savings
$533,653 | | 2nd Year
Tax Savings
($13,846) | 3rd Year
Tax Savings
($13,846) | 4th Year
Tax Savings
($13,846) | 5th Year
Tax Savings
($13,846) | | |
| TOTAL 5-YEAR TAX SAVINGS FROM ONE COST SEG STUDY: $478,269 | | |
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Residential Condo Used As Rental
Assumptions
- Tax Year: 2022
- Effective Tax Rate: 45%
- Discount Factor: 8%
- Total Cost: $3,996,391
- First Year Tax Savings: $145,799
- Total Savings: $123,828
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| Re-Classed Property
5 Year: $255,769
15 Year: $79,927 | Remaining 1250 Property
$2,861,416 | Land
$799,278 | TOTAL
$3,996,391 | | 481(a)
Adjustment
$0 | Bonus
Depreciation
$335,696 | ATNPV
$86,047 | First Year
Tax Savings
$145,799 | | |
| TOTAL 5-YEAR TAX SAVINGS FROM ONE COST SEG STUDY: $123,828 | | |
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Residential Complex With Multiple Single-Family Rental Properties
Assumptions
- Tax Year: 2022
- Effective Tax Rate: 45%
- Discount Factor: 8%
- Total Cost: $10,600,966
- First Year Tax Savings: $383,499
- Total Savings: $326,952
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| Re-Classed
Basis
$864,007 | Remaining 1250 Property
$8,230,805 | Land
$1,506,153 | TOTAL
$10,600,966 | | 481(a)
Adjustment
$0 | Bonus
Depreciation
$864,077 | ATNPV
$228,696 | First Year
Tax Savings
$383,499 | | |
| TOTAL 5-YEAR TAX SAVINGS FROM ONE COST SEG STUDY: $326,952 | | | |
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About Scarpello Consulting
Scarpello Consulting provides clients with a variety of cost-savings measures based on tax incentives and regulation such as Cost Segregation Studies and §45L Reports. Through a sister company, Scarpello Group, the team can provide clients with turn-key data analytics. In the years to come, both teams strive to create the answers to unique business problems, focusing on identifying break-through cost-savings measures that allow businesses to operate more efficiently. LEARN MORE
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