This is an illustration:

Virtually all industrial property owners think that "Cost Segregation" has to be done on newly acquired land. Yes, it's surely a fact that you may do Price Segregation on new buildings or recently renovated buildings but it's likewise a fact that Cost Segregation Studies are valuable for elderly buildings!

Doesn't every building owner and CPA know that?

The solution is simple: it isn't their field of expertise. Even though some construction owners and CPAs have considerable expertise with Cost Segregation, many don't. There's a dearth of teachers in this subject, which unfortunately results in the frequent misunderstanding that Price Segregation can simply be achieved on freshly acquired or built commercial property. These variables have caused countless tens of thousands of building owners to overlook this effective tax savings plan.
Mr. Client obtained a commercial real estate for about $3,500,000 five decades back and never finished a Cost Segregation Study.
Price Segregation on Elderly Buildings?
Not just "can" a taxpayer do so but over 75 percent of GMG jobs are older possessions.

Despite rumors to the contrary, Mr. Client admits he may finally have an chance to gain from a research. Mr. Client hires a professional (GMG for instance), who explains 20 percent ($700,000) of elements that must have been allocated to 5-year life rather than 39 decades.
"A citizen may run a cost segregation analysis on used land and re-compute its own depreciation deductions for previous years".