The facts, and figures
Ali’s company owns a near new warehouse, which was purchased for $550,000 in 2021.
It is a tilt-up construction with office space.
The warehouse has some external common areas, no additional fit-out included.
The outcome
Ali engaged Capital Claims Tax Depreciation to prepare a tax depreciation schedule. In the first year Ali claimed $13,590. Over the first full five financial years Ali claimed $47,360 in tax depreciation deductions. Total tax depreciation claimed for life of report $298,000.