Anything Man-Made Is a Depreciable Asset!
Most of our clients don't realize that anything that is man-made is a depreciable asset on a property. So, for instance, if you buy a ranch that has 20 miles of game fence, or 40 miles of road, or 30 miles of underground waterlines, or 20 miles of overhead electrical lines, they are all depreciable assets. If you drill a water well you depreciate it...if you add a lake or stock tank, you depreciate it...if you build a barn, you depreciate it...if you add a ranch office building, well, you get the idea.
Developing your property can be one of the most exciting and rewarding aspects of ranch ownership. Jeff particularly enjoys developing the water; going in and shaping lakes, building creek dams, designing fishing holes, etc. But, whether it's water, roads, fencing, homes or other structures, the team at Texas Best Ranches can provide hand-on guidance and advice on both the construction and the tax savings.
We can show you how to build the perfect ranch of your dreams, and depreciate the improvements!
Are You Tired of Paying Outrageous Taxes?
We have bought and sold 20 ranches over the years that Jeff has personally owned, and operated as businesses. Everything from scientific Whitetail Deer breeding ranches to commercial hunting ranches. It's something Jeff does for fun, and for the huge tax advantages. There are a number of areas that we can work with you to reduce your taxes by owning your dream ranch. Click to learn more about each: