The following document is intended to provide a guide only to the potential depreciation and building allowances available from the purchase of an Apartment in the above residential property. The indicative assessment has been based on a preliminary appraisal of information provided. The purchaser of the property, intending to use it for income producing purposes, is entitled to depreciation as follows:
▪ Division 40, Depreciation of Plant and Equipment
▪ Division 43, Capital Works Allowance.
Once the Project is complete and a Strata Plan is registered, TDW is able to produce a comprehensive report covering the first ten (10) years of your ownership as an Investor.
Please find attached TDW Indicative Tax Depreciation Estimates for the above mentioned property. This document shall not be used for taxation purposes as it presents a guide only to the probable depreciation and associated tax allowances that may be available to the Investor.
IndicativeOnly
Yours Faithfully
Michael M. Dakhoul JP FAIQS CQS MAIB MCIOB ICECA
Appendix A
UPPER LIMIT
LOWER LIMIT
Comparison Yr 1-10 (Min & Max)
IndicativeOnly
Cumulative Yr 1-10 (Min & Max)
DISCLAIMER: This report has been based on very preliminary documentation, and the figures contained should be treated as a guide only. As more documentation is received, TDW will provide more accurate estimates of depreciation.
Appendix B
Lot 101 DP 1267563 Somme Avenue, Edmondson
NSWPark NSW 2174
UPPER LIMIT
IndicativeOnly
LOWER LIMIT
*The above figures are indicative only.
Comparison Yr 1-10 (Min & Max)
IndicativeOnly
Cumulative Yr 1-10 (Min & Max)
DISCLAIMER: This report has been based on very preliminary documentation, and the figures contained should be treated as a guide only. As more documentation is received, TDW will provide more accurate estimates of depreciation.
Appendix C
Estimate of the Depreciation Claimable Typical 3 Bedroom Apartment Lot 101 DP 1267563 Somme Avenue, Edmondson
UPPER LIMIT
LOWER LIMIT
*The above figures are indicative only.
Comparison Yr 1-10 (Min & Max)
Cumulative Yr 1-10 (Min & Max)
DISCLAIMER: This report has been based on very preliminary documentation, and the figures contained should be treated as a guide only. As more documentation is received, TDW will provide more accurate estimates of depreciation.
QUANTITY SURVEY DEPRECIATION FORM
APPLICATION FORM
Instruction
To commission Tax Depreciation Wizard, please forward a copy of this form to: 37-39 Mary Parade, Rydalmere NSW 2116 or email to Michael Dakhoul at michael@constructionconsultants.net.au.
Fee Details
A basic fee of $T.B.A. excl. GST applies for units, townhouses, villas & houses with up to 3 bedrooms. ForeachextraBedroom/Study/Office/Family,addanadditional$50.00.Furtherfeesareapplicable for nonstandardbuildings,unusualproperties,additionalfacilitiessuchaspoolsandthelike,missing documents and in the instance a site inspection is required. Fees are 100% tax deductible
Copy of Registered Strata Plan for units, villas, townhouses & terraces. Strata Plans can be obtained from your Strata Manager or Solicitor. Please do not send originals. We do not accept any liability for any lost documents. Copies of Architectural Plans for houses & Torrens Title duplexes & Apartments etc.
Photos – internal & external, with all applications, where available.
Copy of the Occupation Certificate or Construction Completion Date ____ / ____ / _________
Completed Property Checklist (Attached)
Acquisition date:
Purchase Price:
Construction Commencement Date. If not known, please indicate if the property was purchased NEW, BUILT or, PROPERTY AGE when purchased:
Date used for income producing purposes:
Dates (start + completion), Cost & Details of any renovations made after settlement: Have you lived in the property before it was rented out (if yes, provide dates): _____
PAYMENT METHODS
Payment is required upon instruction.
Option 1: Mail cheque.
Option 2: Direct Deposit to:
Account Name: Tax Depreciation Wizard Pty Ltd
Bank: St George Bank, BSB: 112 879
Account No: 494 521 569
Option 3: Credit Card Payment as follows:
MasterCard / Visa (Please Circle)
CardNumber: Expires: /
Name on Card:
CCV Number:
C/Card Amount Paid: $ Signature: (please print)
Important Information:
• The Report may take up to three (3) weeks to complete from the date of receiving the fee & all required documentation. A copy of the report shall be sent via email only. Hard copies will not be provided. Copies of reports are archived for two years only.
• The hourly rate for additional works is $150 incl. GST.
• In most cases, a visit to the subject property will not be required. We rely on the information provided by the Applicant. Therefore, all supplied information must be true and accurate.
IndicativeOnly
Best Regards Michael M. Dakhoul JP AAIQS MAIB MCIOB ICECA
CHECKLIST
Property Address:
Assets Generally
coverings (removable without damage)
water systems (excluding piping)
Intercom system assets
Vacuum
Window blinds, internal
Exhaust fans (including light/heating)
Shower curtains rails (excl. curtain rods and screens)
