The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. This marks the first comprehensive tax law reform since 1986 and the legislation has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained.  The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA.  Again, a thorough cost segregation study is the key to fully leveraging all possible benefits.    

Learning Objectives:

• Understand how cost segregation is the vehicle by which tax savings opportunities are obtained. 


• Use a TPR flowchart to assist in the expense vs. capitalization decision-making process. 


• Identify possible opportunities for leveraging the TPRs. 


• Explain the significance of the date 9/27/17 in determining bonus rates for new construction projects and acquisitions. 


• Understand the implications of the Interest Deduction Limitation.


• Review the current status of Qualified Improvement Property under the TCJA. 


• Become familiar with Section 179 and Opportunity Zones under the TCJA.