The facts, and figures
Our client Nathan purchased a small commercial space that was fitted out as a basic café in 2019 for $100,000
Nathan completed a small renovation update of $10,000
He also purchased $5,000 worth of appliances/equipment
The outcome
Nathan engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Nathan claimed $17,700. Over the first full five financial years Nathan claimed $60,100 in tax depreciation deductions. Total tax depreciation claimed for life of report $85,000.