Cost Segregation Studies for San Antonio, TX
While hipsters might think of Austin first when they hear the word “Texas,” most still think of San Antonio. The oldest major city in the Lone Star State, San Antonio is loaded with history and Texas pride. Home to the Alamo, several military bases, and plenty of industries, San Antonio embodies the past and future of Texas. The military, defense industry, and tourism are all the lifeblood of the city, along with transportation, the energy sector, and medical services.
With over 1 million individuals calling it home, San Antonio possesses businesses and commercial properties of all stripes. From Seaworld to a warehouse, all types of commercial properties can benefit from cost segregation. Short-life depreciation can be found almost anywhere, both inside and outside of buildings. Plumbing, furnishing, fencing, landscaping, driveways, parking lots, and heavy machinery are only a few components with a lifetime of five, seven, or 15 years.
Backed by the IRS, cost segregation is the only way to use accelerated depreciation to lower income taxes. It takes an expert to please the IRS when it comes to cost segregation, something that O’Connor has in spades. San Antonio is our second-biggest target for cost segregation studies, only surpassed by our hometown of Houston. Our adept appraisers know San Antonio well and can find depreciation is the most obscure places imaginable. The following chart shows just a few of the satisfied customers we have aided in San Antonio.
Real San Antonio Cost Segregation Results
| Asset Type | Depreciable Basis | Purchase Date | Year of Study | 1st Year Additional Depreciation | 1st Year Tax Savings | Year 1 Payback | Initial 5 Years Tax Savings | 5 Year Payback |
|---|---|---|---|---|---|---|---|---|
| Retail | $1,440,926 | 08/01/15 | 2015 | $65,940 | $26,145 | 10.8:1 | $113,969 | 48.2:1 |
| Financial | $1,873,373 | 03/01/10 | 2014 | $382,199 | $151,351 | 55.7:1 | * *** | * *** |
| Multifamily | $14,993,400 | 03/01/16 | 2016 | $725,536 | $287,312 | 100.0:1 | $1,271,789 | 444.0:1 |
| Restaurant | $2,260,000 | 05/01/16 | 2016 | $86,024 | $34,065 | 12.2:1 | $159,422 | 58.0:1 |
| Retail Strip Center | $2,882,270 | 07/01/15 | 2015 | $127,286 | $50,405 | 18.5:1 | $221,692 | 82.6:1 |
Results
* Results from “Catch Up” studies which allow the owner of properties purchased in previous tax years to benefit from cost segregation in the current tax year without filing amended returns.
** Mid-Quarter depreciation convention utilized due to purchase date.
***Results include bonus depreciation first year calculations.
NOTE: The above listed tax savings are based on a 39.6% tax rate for the owner.