Landlords and tenants often negotiate to make improvements or alterations to nonresidential rental space so that it becomes more suitable for the prospective tenant’s business needs. In doing so, the landlord or the tenant may be eligible to depreciate the costs associated with these leasehold improvements. Usually, the party that pays for and retains ownership of the leasehold improvements may depreciate them.
As a commercial property owner or investor, you know depreciation is vital for your tax strategy. It lets you recover the cost of your property over time, reducing your taxable income. But did you know there are ways to amplify these benefits? Tangible property regulations (TPRs) and cost segregation studies are two powerful tools that
Cost segregation is a powerful tax strategy for owners of commercial and residential investment real estate properties. By reclassifying certain building components with shorter lifespans, this technique accelerates depreciation deductions, potentially saving property owners thousands, even millions, in taxes. However, the growing popularity of cost segregation has led to an increase in providers and technologies
Medical and dental manufacturers understand the power of innovation. Their commitment to improved treatments, better tools and more advanced materials saves lives and enhances patient care. Because innovation doesn’t happen without investment, research and development (R&D) tax credits provide a significant financial boost. The goal of these credits is to reduce the costs associated with