WARNING

Jon Kohler & Associates, LLC and Plantation Marketing Group, LLC and their members in no way deem the Tax Advantages on the following page as accurate or transferrable to all people. By accepting this statement, below, you are acknowledging that you understand that data contained herein is provided without any warranties of any kind and is subject to change without notice. You also acknowledge that these statements are provided to us from third party sources and that everyone's tax situation is different. We recommend that you hire a CPA to determine how such information may apply to your situation.

That being said, in our 20 years, we've never come across anything like this before. What we've read of these advantages is extremely interesting to us and we immediately called our CPA to discuss.

Accept, and Proceed          Do Not Accept, Do Not Proceed

— Overview —

  • 1,289± Acres Strategically Located Between Savannah and Atlanta
  • 210± Acres of Irrigated Pastures and Fertile Farmland
  • 83± Acres of Engineered Lakes
  • 640± acres of Intensively Managed Timber
  • Dairy which is a Top Producer Statewide of Award-Winning Artisan Cheeses
  • Mushroom House
  • Aquaculture & Fish Hatchery
  • 12-Room Main Lodge with Loft Apartment on 15+ acre Main Lake
  • 8 Waterfront Cottages
  • State-of-the-Art Corporate Boardroom
  • Restaurant Offering Fine Dining with Seating for 90
  • Accommodations for Over 100 Guests
  • Fully Operational Resort
  • Four Additional Cottages/Housing for Staff
  • Organic Berry Orchards
  • Smokehouse & Curing Operation
  • Livestock, Farm Animals & Game Included
  • Stump Knocker's Store and Outfitter Store
  • Spa with Saunas, Steamroom, and Jacuzzi's and a Japanese Mineral Bath House
  • Wedding Venue
  • All Furnishings, Decorations, Vehicles, and Dairy, Sporting & Kitchen Equipment Included
  • Trophy Hunting and Fishing
  • Just 3 Hours Southeast of Atlanta, 2 Hours to Savannah, 71 Miles to Augusta National, and 41 Miles to Statesboro- Home of Georgia Southern U
  • Strategic Tax Planning & Wealth Preservation

Tax Advantages

South Georgia Sporting Property That is Also a Smart Business Move!

For the past 15 years, Flat Creek Holdings has been owned by a CPA who loves land and doing things "Smart." This is likely the most comprehensive tax-strategized rural property in the state of Georgia.

Nothing beats the feeling of landownership. This property is the perfect mix of landownership with smart business planning. Flat Creek Holdings is a bona fide active business considered a tax deductible.utilization of tax write-offs not found in purely recreational properties/plantations. Below is an outline of the tax deductions that a new owner may take advantage of. Please contact Jon Kohler for a CPA's breakdown of how the buyer can save over $1,800,000 in taxes, just through depreciation, over the next six years.

SUMMARY OF TAX ADVANTAGES

The following represents the opinion of Steven R. Harless, a CPA specializing in tax and co-owner of Flat Creek Holdings. He would gladly coordinate with a prospective buyer’s consulting tax advisor to structure the optimal tax strategy:

  1. Flat Creek Holdings is a bona fide active business duly licensed in various lines of businesses including: (1) a restaurant and bar, (2) hospitality lodge, (3) dairy processing plant, (4) farmstead operating a dairy and berry and mushroom production, and (5) timber. A participating and active owner of Flat Creek Holdings would not be subject to the passive loss limitations and will be able to utilize the tax advantages.
  2. Capital gains tax rate of 15% is afforded to the sale of timber.
  3. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the current ìBillî) provides for excellent opportunity for write-off up to $500,000 of qualified assets under Section 179 and extension of 50% bonus depreciation for investments in new business equipment. The Bill also allows taxpayers to elect to accelerate some AMT credits in lieu of bonus depreciation for taxable years of 2011 and 2012.
  4. Special tax advantages are afforded to the agriculture and the hospitality industries. The Bill extended for two years the special 15-year cost recovery for certain leasehold improvements, restaurant buildings and improvements, and retail improvements. The use of cost segregation to increase cash for buying would result in significant tax savings.
  5. Because the facility is not a plantation or ranch, issues of personal use and allowable deductions and related party transactions are not as scrutinized by the IRS.
  6. The Bill extends for two years the increased contribution limits and carryforward period for contributions of appreciated real property including partial interests in real property for conservation purposes. A potential additional tax benefit exceeding $1,000,000 could be generated from partial interest of conservation easements.

EXAMPLE BUYERS

Buyer: Individual or Group of Investors

  • If you are going to spend an hour of your week to manage your sporting property, then you could spend the same amount of time managing this sporting property business….which could make a profit!

Flat Creek Holdings is different from owning other sporting properties/plantations because it is a multi-faceted, self-sustainable active business that gives the buyer the full utilization of tax strategies more closely resembling businesses and rarely found in landownership.

Buyer: Corporation

Flat Creek Holdings is the perfect corporate facility. It would offer a centralized entertainment, marketing, and training facility for clients and employees!

  • The corporation could own it or an individual could own it and lease it back to their company
  • If it is a publicly held company, Flat Creek Holdings would be an asset on their books.
  • Owning Flat Creek Holdings could be less expensive than sending people to other venues for training and for entertaining clients
  • Use for the benefit of employees
  • A corporation would still get depreciation