The facts, and figures
Nick’s company owns an Inner-City pub, which was purchased for $10 million
The Inner-City Pub has had multiple updates and refits over the years prior to purchase in 2021
The large commercial property is freehold & leasehold, has multiple bars, gaming facilities and food
The outcome
Nick engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Nick claimed $228,397. Over the first full five financial years Nick claimed $941,117 in tax depreciation deductions. Total tax depreciation claimed for life of report $1,533,560.