In this article, we mentioned about Cost segregation study, which is a tax technique that helps property owners who have purchased, built, or leased land or real property to decrease their payable tax by allowing the property to perform a segregation review. The study practice may turn 1250 lands (non-residential property) or residential lands (depreciation of 27.5 years) into 1245 lands (real tangible assets), which will increase the depreciation of both the internal and external elements of the land over 5, 7 or 15 years.
As a result, the tax rate of the landowner will be decreased, and assets can be depreciated at a faster rate than the traditional simple depreciation limits and improve their profitability. Let’s learn more about the purpose of a cost segregation study in-depth.
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