The facts, and figures
Mark’s company owns an Inner-City pub, which was purchased for $13 million.
The inner-city pub has had multiple updates and refits over the years prior to purchase in 2024.
The large Inner-City pub is freehold & leasehold, has multiple bars, gaming facilities and food.
The outcome
Mark engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule.
In the first year Mark claimed $467,383. Over the first five full financial years Mark claimed $1,022,945 in tax depreciation deductions. Total tax depreciation claimed for life of schedule $3,355,965.