A Cost Seg Study on a $15M Amusement/Water Park Could Yield About:
Year 1 – Cash Flow
Year 2 – Cash Flow
Year 3 – Cash Flow
Year 4 – Cash Flow
Year 5 – Cash Flow
Cost Segregation for Amusement Parks
Cost segregation is a tax strategy that creates massive deductions for tax payers who own amusement/water parks.
Cost Seg is the correct and most accurate method to depreciate commercial property. When a business or individual purchases an amusement/water park, the costs of that project are generally broken down between land and building/attractions. Land is not depreciated. The rides/attraction are depreciated faster.
Cost Segregation is the method of identifying qualified real property and then depreciating that property in as little as 5, 7, and 15 years rather than the standard 39 years.
Does Your Property Qualify?
If you are subject to US federal and state tax laws and own an amusement park and have done any of the following since 1987, you likely qualify for the massive tax benefits a Cost Segregation study can provide.
Purchased an existing park
Constructed a new amusement park
Renovated, remodeled, restored or expanded an existing park
By accelerating the depreciation on certain park assets, owners of amusement park properties are able to gain huge tax benefits many years sooner and capitalize on the time value of their hard earned cash! Other benefits include:
Increased Cash Flow
Large Income Tax Deferrals
Substantial Catch-Up Depreciation
Bonus Depreciation Qualifications
Secure IRS Audit Protection
Verified Depreciation Schedules
Peace of Mind Knowing Your Depreciation Method is Correct
By not doing a cost seg study on your amusement park, you are basically giving the IRS an interest free loan on money you could be using today instead!
Serving All Regions of the United States by Helping Commercial Property Owners Pay Less Taxes and Increase Cash Flow!
Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, District of Columbia, and West Virginia.
Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.