What’s the benefit of addressing abandonment issues in a Cost Segregation Study?
A. By quantifying all property including “structural components” by suite, our analysis will allow for the identification of costs that can be written off for future tenant abandonments. For a fully improved property acquired after 1996 with no cost documentation on those improvements, it’s impossible to take advantage of these benefits without a Cost Segregation Study. Although this is beyond the scope of the normal Study, it is standard in our product and it can significantly increase total tax benefits by as much as three times!
