A Case Study of savings from our expertly prepared Depreciation Schedule.
Simon’s company purchased the leasehold for this Inner-City Pub located in Sydney, for $850,000 in 2021.
The purchase of the leasehold included all fixtures and fittings and gaming entitlements. Refurbishment was completed by Simon’s company not long after purchase for $1 million. Replacing all the gaming machines and minor renovations included updating some of the fixtures and fittings.
The commercial property has multiple bars, gaming facilities and food.
Simon engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Simon claimed $320,380. Over the first full five financial years Simon claimed $907,153 in tax depreciation deductions. Total tax depreciation claimed for life of report $1,588,243.
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.