The facts, and figures
Tom’s company owns a large country pub, located in Wagga Wagga
The pub has had multiple updates and refits over the years prior to purchase in 2020
The large commercial property is freehold & leasehold, has multiple bars, bottle shop, gaming facilities, bars and accommodation
The outcome
Tom engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Tom claimed $135,557. Over the first full five financial years Tom claimed $597,037 in tax depreciation deductions. Total tax depreciation claimed for life of report $1,188,521