Bayline Apartments 22 Bay Terrace WYNNUM, QLD 4178

Size: px

Start display at page:

Download "Bayline Apartments 22 Bay Terrace WYNNUM, QLD 4178"

Camron Nash
6 years ago
Views:

1 Bayline Apartments 22 Bay Terrace WYNNUM, QLD 4178

2 7 September, 2015 Brice Family Office 9 St Pauls Terrace SPRING HILL, QLD Dear Sir/Madam, Please find attached the BMT Tax Depreciation Estimates for the above property detailing the depreciation and associated tax allowances that may be available to the owner under the Income Tax Assessment Act 1997 (ITAA97). This document is intended to provide a guide to the potential depreciation and building allowances available from the purchase of the above residential property, facilitating the estimation of the after tax return on the investment over the first 10 full years of ownership. 1.0 Information The following information was used in the preparation of the schedules: Written and verbal information provided by Brice Family Office. 2.0 Depreciation Potential Plant and Capital Allowance The purchaser of the property, intending to use it for income producing purposes, is entitled to depreciation including: Division 40, Depreciation of Plant and ; and, Capital Works Allowance (2.5 % pa). The depreciation of plant and equipment items is based on the diminishing value effective life rates as published by the commissioner of taxation (2015/2). In the scenario where plant and equipment items are not sold at an agreed value these items will be depreciated on the basis of a just attribution of the total expenditure (42-65 ITAA97). 3.0 Capital Work Allowance The special building write off allowance is based on the industry specific eligible dates. If the property qualifies for the special building write off, the applicable depreciation rate will be used. Where properties do not qualify for the special building write off allowance, no capital works allowance will be used.

3 BMTTax Depreciation The allowance for capital works will be based on the historical cost of construction less nondepreciable items. 4.0 Estimate Calculation This report is based on a just attribution of the total expenditure to estimate the allowances for plant. The estimates provided are based on the sale price as indicated, as the final purchase price at this time is not known. This estimate has been provided for the purpose of informing the investor of the depreciation potential. Different depreciation returns are available and are influenced by the purchase price of the property. Please note that the first year calculations are based on ownership over a full financial year. 5.0 Disclaimer This report has been based on very preliminary documentation, and the figures provided should be treated as a guide only. As documentation improves, BMT Tax Depreciation will be able to provide more accurate estimates of depreciation. 6.0 Conclusion As can be extracted from the attached tables, the units will obtain maximum depreciation potential within the first 5 years of ownership. BMT Tax Depreciation would be pleased to provide a complete detailed tax depreciation report on any of the units in the above property upon request. Our results suggest employing a specialist to maximise the various tax allowances has a significant effect on improving the after tax return. Should you or the purchaser wish to discuss the contents of this report in more detail, please do not hesitate to contact Bradley Beer at the office. Yours Sincerely, BMT Tax Depreciation Pty Ltd Quantity Surveyors

4 BMTTax Depreciation Appendix One BMT Tax Depreciation Estimate Bayline Apartments 22 Bay Terrace WYNNUM, QLD 4178

5 Typical 1 Bedroom Apartment, Bayline Apartments 1 7,938 6,071 14, ,103 6,071 12, ,183 6,071 10, ,309 6,071 9, ,253 6,071 8, ,562 6,071 7, ,438 6,071 7, ,071 7, ,071 6, ,071 6, , , ,374 $31,043 $242,838 $273,881 $15,000 $13,500 $12,000 $10,500 $9,000 $7,500 $6,000 $4,500 $3,000 $1, ,494 4,967 11, ,993 4,967 9, ,423 4,967 8, ,707 4,967 7, ,843 4,967 6, ,278 4,967 6, ,176 4,967 6, ,967 5, ,967 5, ,967 5, , , ,852 $25,398 $198,684 $224,082 $90,000 $81,000 $72,000 $63,000 $54,000 $45,000 $36,000 $27,000 $18,000 $9,000 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

6 Typical 1 Bedroom + MPR Apartment, Bayline Apartments 1 8,502 7,622 16, ,476 7,622 15, ,062 7,622 12, ,876 7,622 11, ,625 7,622 10, ,813 7,622 9, ,608 7,622 9, ,066 7,622 8, ,622 8, ,622 8, , , ,448 $36,060 $304,862 $340,922 $17,000 $15,300 $13,600 $11,900 $10,200 $8,500 $6,800 $5,100 $3,400 $1, ,956 6,236 13, ,116 6,236 12, ,142 6,236 10, ,172 6,236 9, ,147 6,236 8, ,483 6,236 7, ,316 6,236 7, ,236 7, ,236 6, ,236 6, , , ,366 $29,502 $249,430 $278,932 $110,000 $99,000 $88,000 $77,000 $66,000 $55,000 $44,000 $33,000 $22,000 $11,000 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

7 Typical 2 Bedroom Apartment, Bayline Apartments 1 8,598 8,413 17, ,359 8,413 16, ,833 8,413 14, ,364 8,413 12, ,940 8,413 11, ,016 8,413 10, ,739 8,413 10, ,156 8,413 9, ,413 9, ,413 8, , , ,454 $39,431 $336,490 $375,921 $18,000 $16,200 $14,400 $12,600 $10,800 $9,000 $7,200 $5,400 $3,600 $1, ,034 6,883 13, ,839 6,883 13, ,773 6,883 11, ,570 6,883 10, ,406 6,883 9, ,650 6,883 8, ,423 6,883 8, ,883 7, ,883 7, ,883 7, , , ,008 $32,263 $275,306 $307,569 $121,000 $108,900 $96,800 $84,700 $72,600 $60,500 $48,400 $36,300 $24,200 $12,100 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

8 Typical Smaller 3 Bedroom Apartment, Bayline Apartments 1 9,386 11,004 20, ,646 11,004 18, ,629 11,004 16, ,667 11,004 17, ,607 11,004 15, ,078 11,004 14, ,426 11,004 13, ,603 11,004 12, ,078 11,004 12, ,004 11, , , ,151 $46,906 $440,154 $487,060 $21,000 $18,900 $16,800 $14,700 $12,600 $10,500 $8,400 $6,300 $4,200 $2, ,680 9,004 16, ,256 9,004 15, ,605 9,004 13, ,455 9,004 14, ,769 9,004 12, ,518 9,004 11, ,985 9,004 10, ,311 9,004 10, ,004 9, ,004 9, , , ,397 $38,377 $360,134 $398,511 $153,000 $137,700 $122,400 $107,100 $91,800 $76,500 $61,200 $45,900 $30,600 $15,300 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

9 Typical 2 Bedroom + MPR Apartment, Bayline Apartments 1 8,896 13,861 22, ,838 13,861 21, ,949 13,861 19, ,837 13,861 18, ,534 13,861 19, ,697 13,861 17, ,529 13,861 16, ,777 13,861 15, ,284 13,861 15, ,861 14, , , ,791 $49,266 $554,436 $603,702 $23,000 $20,700 $18,400 $16,100 $13,800 $11,500 $9,200 $6,900 $4,600 $2, ,278 11,341 18, ,413 11,341 17, ,867 11,341 16, ,957 11,341 15, ,528 11,341 15, ,025 11,341 14, ,069 11,341 13, ,454 11,341 12, ,050 11,341 12, ,341 12, , , ,103 $40,308 $453,632 $493,940 $182,000 $163,800 $145,600 $127,400 $109,200 $91,000 $72,800 $54,600 $36,400 $18,200 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

10 Typical Larger 3 Bedroom Apartment, Bayline Apartments 1 9,853 15,170 25, ,382 15,170 23, ,762 15,170 21, ,484 15,170 20, ,487 15,170 21, ,331 15,170 19, ,952 15,170 18, ,069 15,170 17, ,487 15,170 16, ,111 15,170 16, , , ,935 $55,726 $606,827 $662,553 $26,000 $23,400 $20,800 $18,200 $15,600 $13,000 $10,400 $7,800 $5,200 $2, ,061 12,412 20, ,858 12,412 19, ,532 12,412 17, ,487 12,412 16, ,307 12,412 17, ,543 12,412 15, ,416 12,412 14, ,693 12,412 14, ,217 12,412 13, ,412 13, , , ,947 $45,593 $496,497 $542,090 $201,000 $180,900 $160,800 $140,700 $120,600 $100,500 $80,400 $60,300 $40,200 $20,100 method of depreciation applying Low-Value Pooling. The Write Off Allowance is calculated using 2.5%

233 Maroondah Highway RINGWOOD, VIC 3134

233 Maroondah Highway RINGWOOD, VIC 3134 18 March, 2016 Jellis Craig Hawthorn Level 4 248 Burwood Road HAWTHORN, VIC 3122 Dear Sir/Madam, 233 Maroondah Highway, RINGWOOD, VIC 3134 - Please find attached