Yet again Segregation Holding Limited (SHL) has delivered an amazing cost segregation study for our client in NC. We have a 7-story facility with multiple back-up systems and redundancies for electrical, HVAC, sound, air quality, and more. After a carefully engineered review of the property and the associated construction drawings and schematics, SHL was able to “conservatively” reclassify 78% of the facility into 5- & 15-year personal property (IRC §1245) asset classes.
Due to the extremely high percentage of §1245 assets qualifying for 5- and 15-years, we engaged the client and their CPA to discuss the fine details of our report. Once every issue was addressed and resolved, it was unanimously agreed upon to hold 10% of our study’s findings in reserve for future reclassification, if needed, in case of an IRS audit in the future.
Just another example of the comprehensive, in-depth engineered cost segregation study performed by Segregation Holding Limited.