Congress passed the Fiscal Crisis Bill keeping the Special Federal Tax write-offs making this year another great year to invest in commercial real estate.

In 2008, when the U.S. fell into one of the worst recessions, Congress passed a number of bills to encourage business investment to stimulate the economy. With the New Budget Bill that Congress passed in December, keeps the legislation authorizing a substantial increase in a deduction known as Internal Revenue Code (IRC) Section 179.

IRC Section 179 essentially allows businesses to write off from their taxable income as much as $1,000,000 in qualifying equipment and business property assets, including COMMERCIAL REAL ESTATE IMPROVEMENTS in the year in which it was made. In addition, Section 179 provides a bonus depreciation of 100% on most types of tangible personal property that’s acquired. This allows businesses to essentially expense all qualifying new assets with useful lives of 20 years or less.

Section 179 deduction dollar limits. The maximum amount you can elect to deduct for most section 179 property you placed in service in tax years beginning in 2018 is $1,000,000. This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $2,500,000.

Section 179 qualified real property. For property placed in service in tax years beginning after December 31, 2017, section 179 qualified real property is qualified improvement property (as defined in section 168(e)(6)), and certain specified improvements to nonresidential real property placed in service after the nonresidential real property was first placed in service.  

Source: https://www.irs.gov/publications/p946

Commercial Real Estate Remains a Big Winner in Fiscal Crisis Bill

The Atlanta real estate market is on fire and the time is right to invest. With low pre-construction pricing, low interest rates and the aforementioned accelerated tax write offs together offer enormous advantages to Stables Motor Condos commercial condo buyers. Also, when you purchase a Garage Condo, you are creating an asset for yourself.

Classified as “Office / Business Condos”

The lucrative tax deductions are available by buying a business condo at Stables Motor Condos.

For commercial purposes, the garages are classified and zoned as office / business condos. When you purchase a business condo, your loan payments are usually fixed, so you know what it will cost each month for you to occupy the office.

Located at 427 McFarland Parkway in Alpharetta, Georgia, Stables Motor Condos is a dynamic business community, event center and country club for car collectors and motorsports enthusiasts. Stables Motor Condos offers a total of 150 condominiums units between 556 to 14,000 square feet of space.

Owned Garage Condos are Customizable

When you own a Garage Condo, you also own the ability to customize it however you’d like to fit your personal style.

Getting the most from tallying the Deductions

Hundreds of thousands of dollars in potential after-tax savings!

Under cost segregation, a transaction is broken down into not only land and buildings, but also into tangible personal property and land improvements – the latter to be used to support business activities or create the appropriate ambiance for business.

These customization’s can include carpeting, furniture, decorations, interior partitions, and electrical, plumbing and just about all build-out infrastructures. Tangible personal property and land improvements may be depreciated from as little as 5 years to 15 years – than the building itself, generating substantial tax savings for buyers.

This gives you the ability to customize a garage condos unit into an upscale office / car cave to reflect your style, and properly store your collection of vehicles.

To learn more about how owning a business condo to use for your office, and garage for your car collection, visit our FAQ page at or contact us today at 678.793.8402.

To learn more about Internal Revenue Code Section 179 visit: https://www.irs.gov/publications/p946  or   http://www.section179.org/

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** Stables Motor Condos, LLC and its affiliates do not provide tax, legal or accounting advice. This article has been written for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.