Cost Segregation Study and 45L Tax Benefits on a Assisted Living Facility

$1,199,763.72 in Total Realized Tax Savings

thumb-cost-seg-45L

Engineered Tax Services performed a cost segregation engineering review of building components and site improvements on a 32,000 square foot building in Negaunee Michigan. The single story building has various areas devoted to office and nursing station activities, multipurpose, spa & activity rooms, areas devoted to kitchen, dining and laundry plus a salon, therapy and lobby entrance. The cost segregation benefit included a reclassification of 27.5-year depreciation class life assets into 5 and 15 year class lives, resulting in a combined benefit of $1,199,763.72.

Additionally, ETS’ next generation cost segregation study captured $76,000.00 in 45L Residential Energy Efficiency Tax Credit as well as identify $2,286.90 in qualified repairs under the final tangible property repair regulations.

Class Life Percentage Accelerated Tax
5-Year 16.85% $758,967.74
15-Year 9.78% $440,795.98
27.5-Year 78.37% $3,305,120.44
Total Realized Tax Benefits $4,504,884.16

Find services, resources, case studies, and more

Esc to close

Enter to search

We Love Referrals!

Spread the love, share the savings
Know someone who could benefit from our specialized tax expertise? Our referral program rewards you for sharing ETS with your network.

Why Refer to ETS?