LB&I Tier III Issue: Cost Segregation Studies
Cost Segregation Studies
Industry: Retailers, Food, Pharmaceuticals & Healthcare
Whether an asset is Section 1250 property (generally 39- year recovery period) or Section 1245 property (generally 5 or 7-year recovery period). There has been an increase in claims reclassifying Section 1250 property as Section 1245 property. This issue affects numerous RFPH industries: retail, restaurants, and biotech/pharmaceutical. Industry Director's Directives are available for each respective industry and they contain specific asset classification recommendations.
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Page Last Reviewed or Updated: 2012-08-03
