Services

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A Cost Segregation Study identifies and reclassifies personal property assets to shorten the depreciation time for tax purposes thus reducing current income tax obligations. Personal property assets include a building’s non-structural elements, exterior land improvements and indirect construction costs. An engineering based study is the most accurate and desired in a quality cost segregation study.

A 179D Energy Efficiency study allows a building owner to claim a tax deduction for installing qualifying energy systems and buildings. Tenants may be eligible if they make the construction expenditures. If the building or system is installed on federal, state or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system’s design. Deductions are taken in the year in which the systems and buildings are placed into service.

Benefits:

The building owner may take up to a $1.80 per square foot tax deduction on buildings that are found to reduce energy consumption by 50% or more in comparison to a building meeting the minimum requirements set by ASHRAE Standard 90.1-2001 (for buildings placed into service before January 1, 2016) or 90.1-2007 (for buildings placed into service before January 1, 2017). Partial deductions may be qualified for a .60 per square foot for lighting, .60 per square foot for HVAC and .60 per square foot for building envelope.