GALLINA's cost segregation service is an engineer-based analysis that helps you take full advantage of accelerated depreciation expense deductions. We generate tax savings by carving out shorter asset lives and qualifying you for five-, seven- or fifteen-year write-off periods. These assets are normally embedded in a building's construction or acquisition cost and generally live up to thirty-nine years.
Don't be one of the countless investors overpaying their taxes. At GALLINA, we'll identify cost savings to maximize your profit. Our cost segregation team includes tax professionals, engineers and financial experts skilled in identifying and categorizing which assets are classifiable in the most advantageous way. This reporting is handled professionally and ethically, in accordance with Internal Revenue Service codes.
We prepare full reports for your project, detailing the entire study process. Our reports include project cost reconciliation, cost detail and summary by appropriate IRS class lives, property definitions, study procedures, photos and final results for income tax use. The reports can be used for tax purposes and they hold up to Internal Revenue Service rules and regulations.
Any commercial or residential rental property may qualify for substantial tax deferral, resulting in a significant cash flow benefit. Qualifying properties include:
- Multi-family housing
- Office and industrial buildings
- Retail buildings and shopping centers
- Manufacturing facilities
- Capitalized tenant improvements
- Capitalized leasehold improvements
- Restaurants, hotels, grocery stores and healthcare facilities
Our cost segregation studies increase cash flow through accelerated tax deductions, reduce corporate and individual income tax obligations, give you the opportunity to claim catch-up depreciation on misclassified assets and help you efficiently manage capitalized assets.