Case Study Mixed Use Space

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

The facts, and figures

Our client Phil purchased a property zoned mixed-use for $395,000 in 2020.  It is comprised of two distinct areas – a residential house that is rented separately to the commercial space.  There has been a small amount of renovation to both.

The commercial space (a hairdresser) own all their fit out and the house is unfurnished.

Phil spent approximately $30,000 in basic upgrades to the house.

The outcome

Phil engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Phil claimed $8,500.  Over the first full five financial years Phil claimed $30,760 in tax depreciation deductions.  Total tax depreciation claimed for life of report $70,600.

Project Data

Client name:
Phil
Asset:
mixed-use space
Purchase Price:
$395,000
Year Purchased:
2020
First Year Claim:
$8,500
Claimed over 5yrs:
$30,760
Claimed in total:
$70,600

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