Inner City Pub Leasehold

A Case Study of savings from our expertly prepared Depreciation Schedule.

The facts, and figures

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.

The outcome

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.

Project Data

Client name:

Simon

Asset:

Inner City Pub leasehold

Purchase Price:

$850,000

Year Purchased:

2021

First Year Claim:

$320,380

Claimed over 5yrs:

$907,153

Claimed in total:

$1,588,243

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