Cost Segregation Study Provides For Immediate Expense Of Leasehold Improvements

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.

 

Author

Julio Gonzalez

Julio Gonzalez

Mr. Julio Gonzalez, National Tax Reform Expert, founded Engineered Tax Services, Inc., (ETS) to marry the science of engineering with the principles of tax and accounting. Mr. Gonzalez wanted to bring specialty tax services to mainstream America that were previously only available to public companies through the Big 4 accounting firms.

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