Cost Segregation Case Study for an Event Center

The owner of a private event center talked with their CPA about potential tax benefits for owning their first commercial property. The CPA suggested contacting CSSI® for a no-cost, predictive analysis.  The venue was mainly used for weddings, receptions, and parties. The heavily landscaped outdoor areas and large parking lot offered a tremendous 15-year benefit in accelerated depreciation. After performing the calculations, the owner received a very large tax deferral and was able to pay down the principal on the event center.

Property type:

Event Center

Date Aquired:

August 2019

Purchase Price (less land):

$2,277,637

First Year Tax Savings Benefit:

$150,907