Tax Benefits of Choosing Starrco
While there are many reasons to choose modular clean rooms and office buildings over conventional construction, did you know that investing in a Starrco modular building can potentially provide a substantial tax advantage you just cannot get with stick-built projects?
Starrco Qualifies as Tangible Personal Property
Under the current tax law, Starrco modular systems qualify as tangible personal property. That means you can depreciate a Starrco modular building in the same way as other capital equipment such as forklifts, rack and machinery.
Starrco modular systems qualify because, unlike conventional buildings (designated as real property), our modular buildings and office systems can be fully dismantled, relocated and reassembled.
Generally, tangible property is depreciated over 7 years. That is a great deal considering conventional construction is depreciated over 39 years.
Bottom Line: Pre-fabricated, modular, wall systems provide an accelerated return on your investment, better value and more options than conventional construction, and they are custom fabricated to fit your space.
This is for information only, and should not be considered tax advice. For detailed information, look up Section 179 of the tax code, we suggest a visit to the IRS website and the consultation of a tax professional.
Page updated: 2020