Property Depreciation Specialist
A Central West NSW mixed cropping and livestock farm purchased for $ 1.5 million claimed items including: Sheds, silos, fences, stockyards, house, resulting in a total claimable amount of $285,000, or 19%. A deduction of $23,604 in first full year.
A Queensland cattle property purchased for $ 1.8 million claimed items including: Fences , sheds, Yards, House etc resulting in a total claim of $ 405,000 or 22%. A deduction of $35,593 in first year.
A Western NSW crop and sheep farm purchased for $ 2.7 million claimed items including: Sheds, Fences silo and houses and stock watering system. Total claimable of $ 669,182 or 25%. A deduction of $ 41,858 in the first full year.
A Southern NSW Irrigation farm purchased to grow cotton and rice at approx. $580,000 had items claimable that included: irrigation- earth channels /culverts, sheds and house resulting in a total claimable amount of $190,000. or 32% of purchase price. A deduction of $12,972 in first full year.
MOTEL – A regional 30 room Motel, purchased in 2017 for $ 2,260.000 Built in 1988 and renovated in 1993. Claimed capital allowance from time of purchase on original construction cost and on renovations. also claimed depreciation on plant. Total deductions $ 589,085 or 26%. A deduction of $ 98,051 in first full year.
CHILDCARE CENTRE – A suburban childcare centre purchased in 2014 for $ 760,000. Built in 2007. Claimed capital allowance from time of purchase on original construction cost. also claimed depreciation on plant. Total deductions $ 349,661 or 46%. A deduction of $ 18,774 in first full year.
HOUSE – A Regional residential house, purchased in 2014 for $ 395,000. Built in 1990 and renovated in 2004. Claimed capital allowance from time of purchase on original construction cost and on renovations. As it was purchase pre 9th May 2017 also claimed depreciation on plant. Total deductions $ 90, 533 or 23 %. A deduction of $ 11,832 in first full year.
UNIT – A Coastal unit, purchased in 2017 from builder for $ 820,000. Built in 2017. Claimed capital allowance from time of purchase on construction cost. As it was purchase pre 9th May 2017 also claimed depreciation on plant. Total deductions $ 475,890 or 58 %. A deduction of $ 27,099 in first full year.