Case Study Inner-City Bar: $500,000 Leasehold Purchase Plus $800,000 Renovation

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

The facts, and figures

George’s company obtained the leasehold for this Inner-City Bar located in Sydney in 2024.

The leasehold consisted of a partially fitted-out bar and small commercial kitchen, due to the previous tenant’s hasty exit. George’s company was eligible to apply Small Business Depreciation rulings.

George’s company completed the fit-out for approx. $800,000.

The business has a single bar and limited food service only.

The outcome

George engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule.

In the first year George claimed $516,671. Over the first five full financial years George claimed $751,755 in tax depreciation deductions. Total tax depreciation claimed for life of schedule $1,052,714.

Project Data

Client name:
George
Asset:
Inner-City Bar
Purchase Price:
$500,000 leasehold purchase plus $800,000 renovation
Year Purchased:
2024
First Year Claim:
$516,671
Claimed over 5yrs:
$751,755
Claimed in total:
$1,052,714

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