Golf course ownership

1 Reply

Originally posted by @Jonathan W. :

Any one own a golf course? How are the returns lately? What are some tax advantages you are taking? What parts have depreciation besides the building?

 I don't own one, but know a few people who do. It all depends on location and quality of the golf course.

One of the great aspects of a golf course in terms of depreciation, is that a very large portion (sometimes up to 60-80%) is actually land improvements, which depreciate over 15 years as opposed to 39 years. With a proper engineer based cost segregation study, you can accelerate that amount of depreciation, which is now eligible for 50% or 100% Bonus depreciation. This is a huge tax benefit.