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Continuing on the Chattel Appraisal discussion...
April 1st, 2008 12:52 PM

Continuing on the Chattel Appraisal discussion...

Benefits of a Chattel Appraisal

Can significantly reduce taxes

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.

Independent chattel appraisals are valuable aides in the event of an audit

Investor Return on Investment (ROI)

Our services are economical and allow clients to recapture their investment in the first year. Each person's tax situation is different but here is a simple way to look it:

The average value of personal property found in a 1500 square foot house is approximately $15,000 - $20,000.

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?

 

 


Posted by Ron Parello on April 1st, 2008 12:52 PMPost a Comment (0)

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