Case Study Large Country Pub Going Concern: Purchased for $18 Million

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

The facts, and figures

Jim’s company obtained the leasehold and freehold for this Large Pub located in Far North QLD in 2023.

The original The Large Country Pub is more than 100 yrs old with regular upgrades and expansions completed over the years.

The Large Country Pub has multiple bars, gaming facilities, bistro, beer garden, and a bottle shop.

The outcome

Jim engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule as soon as the property was settled.

In the first year Jim claimed $583,689. Over the first five full financial years Jim claimed $1,190,468 in tax depreciation deductions. Total tax depreciation claimed for life of schedule  $2,383,741.

Project Data

Client name:
Jim
Asset:
Large Country Pub Going Concern
Purchase Price:
$18 Million
Year Purchased:
2023
First Year Claim:
$583,689
Claimed over 5yrs:
$1,190,468
Claimed in total:
$2,383,741

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