The initial engineering study. This will accelerate your depreciation from a typical 39 year time frame to the correct life expectancy for the components within your hotel or building.
When disposing of the components in your hotel during a remodel, those components will remain on a 39 year basis. We can take those components which have value and depreciate them right away. Giving you a large amount of tax savings that you would have otherwise thrown into the landfill.
After your renovation we will correctly allocate the components in your building that you have put in new. Many times 179 forms are used to expense these items. That will make your cash flow look less to a bank. When we use the depreciation method you will still get the same dollar amount for those items but you will also get the cost of the labor as well. Thus saving you more on income tax.
Your Tax Savings Accounts
The Legacy Advantage helps you tremendously by utilizing the tax savings from your cost segregation you would have paid to the government and over a 5 year period reallocates them to an account which grows them with compound interest. This method has a protection plan built into the model that allows you to access the funds and the growth on the funds without a taxes. Guaranteed No Loss. You do not have to be of a certain age to access your funds.
This strategy allows for you to leverage a loan from our bank to cover a Large death benefit on life insurance. You don't pay the premium, you pay the interest on the premium. Minimum net worth and income are required for this program. You get the advantage of the premium earning interest without the risk of market loss. Funds are available on any amount above the loan amount. No minimum age required to access. No taxes on the use of funds in this method.
This strategy allows you to put your tax savings in an account that will accumulate the funds with no fees and has the upside of the market without any downside. Access is available after age 59.5. The income from this strategy is taxable.
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