The Gulf Opportunity Zone Act of 2005 You are an investor. You want to make money. You don’t want to pay taxes. Well, we can’t fix it so you don’t pay any taxes, but how would you feel about making an investment where you could be eligible to deduct ONE-HALF of the purchase price the very first year of operation! As a hotel this property qualifies for a additional first-year depreciation tax deduction equal to 50% of the investment cost. Talk to your CPA or call us and we will put a professional CPA or tax attorney in touch with you for specific answers. |