2 Bedroom Brand New Unit
A Case Study of savings from our expertly prepared Depreciation Schedule.
The facts, and figures
Mahdi purchased this 2-bedroom unit for $715,000 in June 2020.
Mahdi is receiving $670 per week with a total rental income of $34,840 per annum.
Without a tax depreciation schedule, Mahdi’s expenses for the 2021 financial year totalled $45,188.
Mahdi’s individual tax bracket is 37%
After applying the tax depreciation schedule, the first full financial year calculations gave Mahdi an additional $5,082. Weekly cash flow back to Mahdi is $97.73.
The outcome
Mahdi engaged Capital Claims Tax Depreciation to complete a tax depreciation schedule for her. Mahdi was entitled to claim $14,224 in the first full financial year and $53,430 in the first five financial years of owning her property. Over the life of the report $368,550.
Project Data
Client name:
Madhi
Asset:
Brand-new two bedroom unit in large complex built in 2020
Purchase Price:
$715,000
Year Purchased:
2020
First Year Claim:
$14,224
Claimed over 5yrs:
$53,430
Claimed in total:
$368,550
Get a Free Quote for a Depreciation Schedule.
We’ll include an estimate of your potential deductions, and if we can’t guarantee a strong result, we’ll let you know up front and there will be no cost to you.
