CONSTRUCTION TAX PLANNING
CONSTRUCTION TAX PLANNING COST SEGREGATION & HISTORIC TAX BENEFITS
MIXED-USE, RESIDENTIAL, CORPORATE, OFFICE, RETAIL, RESTAURANT, HOSPITALITY, EDUCATION
Construction Tax Planning (“CTP”) is different from traditional allocation or segregation methods. It is a proactive approach to maximizing depreciation benefits by changing the character and ascertaining the ultimate use of assets by design-review, to correspond with the details of authority that define tangible personal property; by understanding and discerning the “non-building” use and business accessorial application of assets; and by documentation from the professional consultants of your design and construction team to describe the facts and circumstances of an asset’s character and use.
CTP benefits are produced thru proactive coordination with design, construction, discovery and documentation with the tax law from the earliest stages of a construction project. This approach is applied throughout construction until the assets are placed in service. Meaningful integration is achieved by providing guidance and sharing tested proven information with the architect, engineers, tax department, facilities department and the general contractor. The information and guidance RESTATE Consulting provides consists of specific policies, procedures, practices and conventions along with architectural details and procedures .