Continuing on the Chattel Appraisal discussion...
Benefits of a Chattel Appraisal
•
• Can often create an after tax, cash flow positive real estate investment
• Accelerates an often under utilized and legal depreciation
• Cost of the appraisal is tax deductible
• Independent third party verification of assets allowing substantial tax savings
• Creates an inventory with written visual description of personal property. This can be helpful in dealing with insurance companies in the event of a loss.
Investor Return on Investment (ROI)
• This means that our clients save an average of $3,000 - $4,000 off their taxable income in their first year alone.
• For those in a 25% tax bracket that is approximately a $800 - $1,500 net savings on your tax bill each year for 5 years.
• For $500 cost of a Chattel Appraisal you are looking at approx. 217-347% ROI (return on your investment) in the first two years alone.
NEXT POST......What exactly do I get in the report?
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