Capital Allowance & Ta Depreciation Report BAYVIEW, NT 0820
BMT Ta Depreciation Property Depreciation and Construction Cost Consultants ABN 44 115 282 392 Level 1, Paspalis Centrepoint Building 48-50 Smith Street DARWIN, NT 0800 GPO Bo 209 DARWIN, NT 0801 t (08) 8941 3115 f (08) 8941 3116 e info@bmtqs.com.au w www.bmtqs.com.au BMT Ta Depreciation provide an Australian wide Service with offices in Sydney, Melbourne, Brisbane, Newcastle, Canberra, Adelaide and Perth. March 23, 2011 Doyles Real Estate Pty Ltd ATF The Philip Doyle Superannuation Fund PO Bo 418 DARWIN, NT 0801, BAYVIEW, NT 0820 Dear Sir/Madam, Please find attached our Capital Allowance & Ta Depreciation Report for the above property. The schedule has been prepared by BMT Ta Depreciation Pty Ltd for Doyles Real Estate Pty Ltd ATF The Philip Doyle Superannuation Fund and not in any other capacity. The schedule is based on the tal installed cost. The contents should be treated as advice on construction costs and like matters, and not as legal, accounting or taation advice. BMT Ta Depreciation Pty Ltd recommend that the client consults with their advisers before relying on the information provided. BMT Ta Depreciation Pty Ltd have applied their interpretations of the Ta Commissioner s current intentions whilst preparing this document. If this property changes ownership status, then the contents of this report become void and the new owner should contact this office maimise their depreciation claim. As per requirements within the Ta Agent Services Act 2009 BMT Ta Depreciation Pty Ltd are registered ta agents our ta agent number is 53712009. Should you have any queries, or require clarification, please do not hesitate contact Bradley Beer or David Babic at this office. Yours Sincerely, BMT Ta Depreciation Pty Ltd Quantity Surveyors BAYVIEW, NT 0820 1 File No: 154096
BMT Ta Depreciation Office Locations BMT Ta Depreciation Pty Ltd Sydney PO Bo N314 Grosvenor Place NSW 1220 Level 20, Tower 2, Darling Park 201 Susse Street SYDNEY, NSW 2000 P: (02) 9241 6477 F: (02) 9241 6499 Newcastle PO Bo 340 GPO Bo 1588 NEWCASTLE, NSW 2300 19 Brunker Road BROADMEADOW, NSW 2292 P: (02) 4978 6477 F: (02) 4978 6499 Melbourne GPO Bo 4260 MELBOURNE, VIC 3001 Level 50, 120 Collins Street MELBOURNE, VIC 3000 P: (03) 9654 2233 F: (03) 9654 2244 Adelaide ADELAIDE, SA 5001 Level 5, 121 King William Street ADELAIDE, SA 5000 P: (08) 8231 1133 F: (08) 8231 6600 Brisbane GPO Bo 3229 BRISBANE, QLD 4001 Level 7, 320 Adelaide Street BRISBANE, QLD 4001 P: (07) 3221 9922 F: (07) 3221 9933 Canberra GPO Bo 2526 CANBERRA, ACT 2601 Level 6, 39 London Circuit CANBERRA, ACT 2600 P: (02) 6257 4800 F: (02) 6257 4811 Gold Coast PO Bo 810 SOUTHPORT, QLD 4215 Level 9, 12 Marine Parade SOUTHPORT, QLD 4215 P: (07) 5526 3520 F: (07) 5526 3521 Darwin GPO Bo 209 DARWIN, NT 0801 Level 1, Paspalis Centrepoint Building 48-50 Smith Street DARWIN, NT 0800 P: (08) 8941 3115 F: (08) 8941 3116 Cairns PO Bo 1720 CAIRNS, QLD 4870 181 Mulgrave Road CAIRNS QLD 4870 P: (07) 4031 5699 F: (07) 4031 5799 Hobart GPO Bo 410 HOBART, TAS 7001 Level 3, 85 Macquarie Street HOBART, TAS 7000 P: (03) 6231 6966 F: (08) 8941 3116 Perth GPO Bo 2572 PERTH, WA 6001 Level 28, 140 St Georges Terrace PERTH, WA 6000 P: (08) 9485 2111 F: (08) 9485 2133 Australia Wide P: 1300 728 726 F: 1300 728 721 E: info@bmtqs.com.au W: www.bmtqs.com.au Disclaimer The information provided in this report has been prepared by BMT Ta Depreciation Pty Ltd (Quantity Surveyors), as Property Depreciation and Construction Cost Consultants and not in any other capacity, on the basis of estimated costs and information provided us by the client. It is intended for use by the parties whom directed. The contents should thus be treated as advice on construction costs and like matters, and not as legal, accounting or taation advice. We recommend that clients consult with their own advisers before relying on these schedules. The schedules have been prepared in accordance with legislation in force at the time the asset was acquired and the date this report was produced. BAYVIEW, NT 0820 2 File No: 154096
BMT Ta Depreciation Table of Contents Property Information 4 Method Temporary Investment Allowance Summary - Diminishing Value Method 5 7 9 Diminishing Value - 10 Year Forecast Low-Value Pooling Schedule - Diminishing Value Method Summary - Prime Cost Method 15 Prime Cost - 10 Year Forecast Summary Division 43 19 Division 43 Calculation Appendi One 21 40 Year Projection Appendi Two & Three Graphical Representation 23 Comparative Analysis X X X X X X X X X X Cumulative Analysis BAYVIEW, NT 0820 3 File No: 154096
BMT Ta Depreciation Property Information Client: Property: Property Type: Building First Use: Schedule Start Date: Doyles Real Estate Pty Ltd ATF The Philip Doyle Superannuation Fund BAYVIEW, NT 0820 Commercial January 13, 2010 January 14, 2010 Total Cost at Schedule Start Date: $48,912 Disclaimer BMT Ta Depreciation Pty Ltd does not accept any contractual, rtious or any other form of liability for any consequences, loss or damage as a result of any other person acting upon or using this report. BAYVIEW, NT 0820 4 File No: 154096
BMT Ta Depreciation Method Actual cost information for the building structure and fit-out was not available for all items. The building structure gether with Plant & Equipment items, for which actual costs were not available, have been estimated using BMT Ta Depreciation cost advice as at March 23, 2011. These figures were then adjusted date of construction via the application of Building Price Indicies. Two alternative schedules have been provided. The first schedule is based on the Diminishing Value method of depreciation for plant & equipment. This method allows a greater proportion of an asset s cost be written-off in the earlier years of the assets effective life. The second schedule is based on the Prime Cost method of depreciation for plant & equipment. This method allows an equal amount of an asset s cost be written-off in each year of the asset s effective life. Each of the above schedules contain the following: Depreciation claims for plant & equipment (Division 40) these are basically items that can be easily removed from the property as opposed items that are permanently fied the structure of the building. Plant will also include items that are mechanically (or electronically) operated, even where they are fied the structure of the building; Building write-off claims (Division 43) a write-off allowance is available at the rate of 2.5% per year, of the construction ependiture related the property. We have prepared our report based on the following depreciation options for plant & equipment. a) $300 immediate write-off individual assets costing $300 or less are normally be written off in full in the year of purchase (i.e. 100% depreciation write-off). The cost of individual assets acquired after 1/7/00 that are identical or substantially identical must be aggregated when applying the $300 threshold if their aggregate cost is more than $300, they cannot be written-off in the year of purchase. The same applies individual assets that form part of a set of assets whose aggregate is more than $300. b) Low-value pool depreciation under this depreciation option, tapayers can choose depreciate the following assets as part of a group or pool of assets: Low-cost assets an asset acquired during the current year costing less than $1,000 (assuming the asset is not eligible for the $300 immediate write-off noted above); Low-value assets basically, an eisting asset already written down less than $1,000 under the Diminishing Value method. BAYVIEW, NT 0820 5 File No: 154096
BMT Ta Depreciation In a low-value pool, low cost assets are depreciated at the rate of 18.75% in the first year, regardless of the amount of time in the year the asset was acquired. All other assets are depreciated at the rate of 37.5% per annum using the Diminishing Value method. Once the choice has been made set up a low-value pool, all low-cost assets acquired must be allocated the pool. Low-value assets can be allocated at the tapayer s discretion. The report has been prepared on the assumption that low-cost assets and low-value assets are depreciated as part of a low-value pool. If the purchaser does not select the low-value pool option for these assets, they should be depreciated using the effective life depreciation method below. c) Effective life depreciation depreciable assets that cannot be depreciated under any of the above two options have been depreciated on the basis of their effective life. For this purpose, the commissioner s estimate of their effective life has been used. We have assumed that the property owner is entitled claim available depreciation allowances and that no schedules of depreciation allowances eist or form a condition of the purchase documents. The following information was used in the preparation of the schedule: Strata drawings provided by Department of Land Information; Written and verbal information provided by: Doyles Real Estate Pty Ltd ATF The Philip Doyle Superannuation Fund; Site inspection conducted by BMT Ta Depreciation on March 16, 2011. The following costs were apportioned within the schedule: Preliminaries; Consultants Fees. The following items have been ecluded: Land Cost; Rates and taes; Holding Costs; Non-Depreciable items (eg. Soft landscaping). This Capital Allowance & Ta Depreciation Report is based on legislation in effect at the time the asset was acquired and the date this report was produced. The report is based on BMT Ta Depreciation Pty Ltd's interpretation of the Income Ta Assessment Act 1997, ta cases and ta rulings and our understanding of the Commissioner of Taation intentions. BAYVIEW, NT 0820 6 File No: 154096
BMT Ta Depreciation Temporary Investment Allowance The ATO has made available qualifying entities the ability claim a temporary investment allowance which means there could be additional deductions available you. BMT Ta Depreciation have taken the liberty of aumatically calculating the necessary adjustments should you be entitled claim this etra deduction as either a small business or general business entity. Summary The ATO website states: The ta break, in the form of an investment allowance will provide: An additional ta deduction of 30 per cent of the cost of eligible new depreciating assets acquired under a contract, or started be constructed, after 12.01am AEDT 13 December 2008 and before the end of June 2009 and installed ready for use by the end of June 2010. An additional ta deduction of 10 per cent of the cost of eligible new depreciating assets acquired under a contract, or started be constructed, between 1 July 2009 and 31 December 2009 and installed ready for use by the end of December 2010. New ependiture on eisting assets may also qualify. For both periods, small businesses will be able claim the deduction for eligible assets costing $1,000 or more. Small businesses must have a turnover of less than $2 million a year qualify. For other businesses, a minimum ependiture threshold of $10,000 applies. Source: http://www.a.gov.au/taprofessionals/content.asp?doc=/content/00175431.htm STOP! Before claiming any of the temporary investment allowances you must check with your accountant or financial adviser ensure that your new investment items qualify. BMT Ta Depreciation has identified items within the qualifying periods and dollar thresholds, however different eligibility rules also apply. For eample: some items may, or may not, be eligible for the ta break based on the asset group being labelled a batch or set. Whether assets form a set needs be determined on a case-by-case basis. Eligibility is based on the items being dependent on each other, marketed as a set, or designed and intended be used gether. You should speak with your accountant ensure assets qualify as a set for the ta allowance. Please find on the adjacent page a summary of potential assets and deductions you may be entitled claim in addition the original depreciation deductions available in your BMT Ta Depreciation Report. BAYVIEW, NT 0820 7 File No: 154096
BMT Ta Depreciation Temporary Investment Allowance Small Business - Assets > $1,000 Division 40 Plant & Equipment Item Date Installed/ Aquired Cost Temporary Allowance % Ponons - Floating 13/01/2010 $13,719 50% Total Temporary Investment Allowance Additional Deductions $6,860 $6,860 General Business - Assets > $10,000 Division 40 Plant & Equipment Item Date Installed/ Aquired Cost Temporary Allowance % Ponons - Floating 13/01/2010 $13,719 30% Additional Deductions $4,116 Total Temporary Investment Allowance $4,116 BAYVIEW, NT 0820 8 File No: 154096
BMT Ta Depreciation Summary Diminishing Value Calculation & Low Cost/Low Value Pooling BAYVIEW, NT 0820 9 File No: 154096
BMT Ta Depreciation 1.1 Depreciation of Plant and Equipment This section lists the Plant & Equipment relevant this property and their corresponding depreciation claims under the Diminishing Value method. This schedule also shows the tal depreciation claim for the items that have been allocated the low-value pool. The depreciation of Plant & Equipment in these schedules is in accordance with Income Ta Order 1217 (for items acquired before 1 July 1991), Income Ta Ruling IT 2685 (for items acquired before 1 January 2001), Ta Ruling TR 2000/18 (for items acquired before 1 July 2006), Ta Ruling TR 2006/5 & subsequent addendums (for items acquired from 1 July 2006). The basic depreciation rates shown in the schedule have been calculated on the basis of the commissioner s effective life estimates outlined in the above rulings. The effective life of an asset is divided in either 150 or 200 determine the basic Diminishing Value rate for the asset depending on when the item was purchased. 1.2 Diminishing Value Total - Plant & Equipment and Division 43 Division 40 Date Effective Life Plant Pooled Plant Total Division 40 Division 43 Total ($) 14-Jan-10 30-Jun-10 1,244 0 1,244 400 1,644 1-Jul-10 30-Jun-11 1,309 0 1,309 2,173 1-Jul-11 30-Jun-12 1,178 0 1,178 2,042 1-Jul-12 30-Jun-13 1,060 0 1,060 1,924 1-Jul-13 30-Jun-14 954 0 954 1,818 1-Jul-14 30-Jun-15 859 0 859 1,723 1-Jul-15 30-Jun-16 773 0 773 1,637 1-Jul-16 30-Jun-17 696 0 696 1,560 1-Jul-17 30-Jun-18 626 0 626 1,490 1-Jul-18 30-Jun-19 563 0 563 1,427 Please refer Appendi one for a comparison of the tal allowable depreciation of both the Diminishing Value method and the Prime Cost method. This table can be viewed graphically in Appendi two and three. BAYVIEW, NT 0820 10 File No: 154096
BMT Ta Depreciation Diminishing Method (Years 1-5) BAYVIEW, NT 0820 Ta Grouping Total Cost Effective Life Basic Rate Depreciation Allowance TWDV @ Division 40 - Plant & Equipment (Effective Life Rates) 14-Jan-10 (Years) (DV) 14-Jan-10 1-Jul-10 1-Jul-11 1-Jul-12 1-Jul-13 1-Jul-14 ($) 30-Jun-10 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 Year 1 ($) Year 2 ($) Year 3 ($) Year 4 ($) Year 5 ($) Unit Specific Ponons - Floating 13,719 20.00 10.0% 631 1,309 1,178 1,060 954 8,587 Total - Unit Specific 13,719 631 1,309 1,178 1,060 954 8,587 Common Property Air Conditioner - Split Systems 16 10.00 100.0% 16 0 0 0 0 0 Aumatic Gate - Mors 56 10.00 100.0% 56 0 0 0 0 0 Bathroom Accessories - Freestanding 6 5.00 100.0% 6 0 0 0 0 0 Ceiling Fans 4 5.00 100.0% 4 0 0 0 0 0 Door Closers 2 10.00 100.0% 2 0 0 0 0 0 Fire Booster Pumps 23 25.00 100.0% 23 0 0 0 0 0 Fire Etinguishers 4 15.00 100.0% 4 0 0 0 0 0 Fire Hoses & Nozzles 50 10.00 100.0% 50 0 0 0 0 0 Hot Water System - Solar 14 15.00 100.0% 14 0 0 0 0 0 Light Shades 20 5.00 100.0% 20 0 0 0 0 0 Marina Operations Controls 212 10.00 100.0% 212 0 0 0 0 0 Mouring Boys 96 10.00 100.0% 96 0 0 0 0 0 Partitioning - Demountable 7 20.00 100.0% 7 0 0 0 0 0 Security Moniring Door Controllers & Code 13 5.00 100.0% 13 0 0 0 0 0 Security System 68 5.00 100.0% 68 0 0 0 0 0 Smoke Alarms 2 6.00 100.0% 2 0 0 0 0 0 Solar Powered Generating Assets 20 20.00 100.0% 20 0 0 0 0 0 Total - Common Property 613 613 0 0 0 0 0 Total Division 40 - Effective Life Rate 14,332 1,244 1,309 1,178 1,060 954 8,587 Total Division 40 - Pooled 0 0 0 0 0 0 0 Total - Division 40 14,332 1,244 1,309 1,178 1,060 954 8,587 Division 43 - Capital Works Allowance Total Division 43 34,580 400 30,722 Total Depreciation 48,912 3% 1,644 2,173 2,042 1,924 1,818 39,309 3% This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 11 File No: 154096
BMT Ta Depreciation Diminishing Method (Years 6-10) BAYVIEW, NT 0820 Ta Grouping Total Cost Effective Life Basic Rate Depreciation Allowance TWDV @ Division 40 - Plant & Equipment (Effective Life Rates) 1-Jul-14 (Years) (DV) 1-Jul-14 1-Jul-15 1-Jul-16 1-Jul-17 1-Jul-18 1-Jul-19 ($) 30-Jun-15 30-Jun-16 30-Jun-17 30-Jun-18 30-Jun-19 Year 6 ($) Year 7 ($) Year 8 ($) Year 9 ($) Year 10 ($) Unit Specific Ponons - Floating 8,587 20.00 10.0% 859 773 696 626 563 5,070 Total - Unit Specific 8,587 859 773 696 626 563 5,070 Common Property Air Conditioner - Split Systems 0 10.00 100.0% 0 0 0 0 0 0 Aumatic Gate - Mors 0 10.00 100.0% 0 0 0 0 0 0 Bathroom Accessories - Freestanding 0 5.00 100.0% 0 0 0 0 0 0 Ceiling Fans 0 5.00 100.0% 0 0 0 0 0 0 Door Closers 0 10.00 100.0% 0 0 0 0 0 0 Fire Booster Pumps 0 25.00 100.0% 0 0 0 0 0 0 Fire Etinguishers 0 15.00 100.0% 0 0 0 0 0 0 Fire Hoses & Nozzles 0 10.00 100.0% 0 0 0 0 0 0 Hot Water System - Solar 0 15.00 100.0% 0 0 0 0 0 0 Light Shades 0 5.00 100.0% 0 0 0 0 0 0 Marina Operations Controls 0 10.00 100.0% 0 0 0 0 0 0 Mouring Boys 0 10.00 100.0% 0 0 0 0 0 0 Partitioning - Demountable 0 20.00 100.0% 0 0 0 0 0 0 Security Moniring Door Controllers & Code 0 5.00 100.0% 0 0 0 0 0 0 Security System 0 5.00 100.0% 0 0 0 0 0 0 Smoke Alarms 0 6.00 100.0% 0 0 0 0 0 0 Solar Powered Generating Assets 0 20.00 100.0% 0 0 0 0 0 0 Total - Common Property 0 0 0 0 0 0 0 Total Division 40 - Effective Life Rate 8,587 859 773 696 626 563 5,070 Total Division 40 - Pooled 0 0 0 0 0 0 0 Total - Division 40 8,587 859 773 696 626 563 5,070 Division 43 - Capital Works Allowance Total Division 43 30,722 26,399 Total Depreciation 39,309 1,723 1,637 1,560 1,490 1,427 31,469 This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 12 File No: 154096
BMT Ta Depreciation Pooling Schedule DV (Years 1-5) BAYVIEW, NT 0820 Ta Grouping WDV @ Effective Life Basic Rate Pooled Items Depreciation Allowance TWDV @ Pool (Years) (DV) 14-Jan-10 1-Jul-10 1-Jul-11 1-Jul-12 1-Jul-13 1-Jul-14 ($) 30-Jun-10 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 Year 1 ($) Year 2 ($) Year 3 ($) Year 4 ($) Year 5 ($) Division 40 - Plant & Equipment (Pooling Rates) Unit Specific Ponons - Floating 0 20.00 0.0% 0 0 0 0 0 0 Total - Unit Specific 0 0 0 0 0 0 0 Common Property Air Conditioner - Split Systems 0 10.00 0.0% 0 0 0 0 0 0 Aumatic Gate - Mors 0 10.00 0.0% 0 0 0 0 0 0 Bathroom Accessories - Freestanding 0 5.00 0.0% 0 0 0 0 0 0 Ceiling Fans 0 5.00 0.0% 0 0 0 0 0 0 Door Closers 0 10.00 0.0% 0 0 0 0 0 0 Fire Booster Pumps 0 25.00 0.0% 0 0 0 0 0 0 Fire Etinguishers 0 15.00 0.0% 0 0 0 0 0 0 Fire Hoses & Nozzles 0 10.00 0.0% 0 0 0 0 0 0 Hot Water System - Solar 0 15.00 0.0% 0 0 0 0 0 0 Light Shades 0 5.00 0.0% 0 0 0 0 0 0 Marina Operations Controls 0 10.00 0.0% 0 0 0 0 0 0 Mouring Boys 0 10.00 0.0% 0 0 0 0 0 0 Partitioning - Demountable 0 20.00 0.0% 0 0 0 0 0 0 Security Moniring Door Controllers & Code 0 5.00 0.0% 0 0 0 0 0 0 Security System 0 5.00 0.0% 0 0 0 0 0 0 Smoke Alarms 0 6.00 0.0% 0 0 0 0 0 0 Solar Powered Generating Assets 0 20.00 0.0% 0 0 0 0 0 0 Total - Common Property 0 0 0 0 0 0 0 Total - Division 40 (Pooling Rates) 0 0 0 0 0 0 0 Total - Pooled Items 0 0 0 0 0 0 0 This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 13 File No: 154096
BMT Ta Depreciation Pooling Schedule DV (Years 6-10) BAYVIEW, NT 0820 Ta Grouping WDV @ Effective Life Basic Rate Pooled Items Depreciation Allowance TWDV @ Pool (Years) (DV) 1-Jul-14 1-Jul-15 1-Jul-16 1-Jul-17 1-Jul-18 1-Jul-19 ($) 30-Jun-15 30-Jun-16 30-Jun-17 30-Jun-18 30-Jun-19 Year 1 ($) Year 2 ($) Year 3 ($) Year 4 ($) Year 5 ($) Division 40 - Plant & Equipment (Pooling Rates) Unit Specific Ponons - Floating 0 20.00 0.0% 0 0 0 0 0 0 Total - Unit Specific 0 0 0 0 0 0 0 Common Property Air Conditioner - Split Systems 0 10.00 0.0% 0 0 0 0 0 0 Aumatic Gate - Mors 0 10.00 0.0% 0 0 0 0 0 0 Bathroom Accessories - Freestanding 0 5.00 0.0% 0 0 0 0 0 0 Ceiling Fans 0 5.00 0.0% 0 0 0 0 0 0 Door Closers 0 10.00 0.0% 0 0 0 0 0 0 Fire Booster Pumps 0 25.00 0.0% 0 0 0 0 0 0 Fire Etinguishers 0 15.00 0.0% 0 0 0 0 0 0 Fire Hoses & Nozzles 0 10.00 0.0% 0 0 0 0 0 0 Hot Water System - Solar 0 15.00 0.0% 0 0 0 0 0 0 Light Shades 0 5.00 0.0% 0 0 0 0 0 0 Marina Operations Controls 0 10.00 0.0% 0 0 0 0 0 0 Mouring Boys 0 10.00 0.0% 0 0 0 0 0 0 Partitioning - Demountable 0 20.00 0.0% 0 0 0 0 0 0 Security Moniring Door Controllers & Code 0 5.00 0.0% 0 0 0 0 0 0 Security System 0 5.00 0.0% 0 0 0 0 0 0 Smoke Alarms 0 6.00 0.0% 0 0 0 0 0 0 Solar Powered Generating Assets 0 20.00 0.0% 0 0 0 0 0 0 Total - Common Property 0 0 0 0 0 0 0 Total - Division 40 (Pooling Rates) 0 0 0 0 0 0 0 Total - Pooled Items 0 0 0 0 0 0 0 This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 14 File No: 154096
BMT Ta Depreciation Summary Prime Cost Calculation BAYVIEW, NT 0820 15 File No: 154096
BMT Ta Depreciation 1.1 Depreciation of Plant and Equipment This section lists the plant & equipment relevant this property and their corresponding depreciation claims under the Prime Cost method. The low-value option has not been applied, as this option is based on the Diminishing Value method. However, the purchaser can choose depreciate low cost assets and low-value assets as part of a low value pool, even if other assets are being depreciated under the Prime Cost method. The depreciation of Plant & Equipment in these schedules is in accordance with Income Ta Order 1217 (for items acquired before 1 July 1991), Income Ta Ruling IT 2685 (for items acquired before 1 January 2001), Ta Ruling TR 2000/18 (for items acquired before 1 July 2006), Ta Ruling TR 2006/5 & subsequent addendums (for items acquired from 1 July 2006). The basic depreciation rates shown in the schedule have been calculated on the basis of the commissioner s effective life estimates outlined in the above rulings (depending on when the item was purchased). The effective life of an asset is divided in 100 determine the basic Prime Cost rate for the asset. 1.2 Prime Cost Total - Plant & Equipment and Division 43 Date Effective Life Plant Division 43 Total ($) 14-Jan-10 30-Jun-10 929 400 1,329 1-Jul-10 30-Jun-11 686 1,550 1-Jul-11 30-Jun-12 686 1,550 1-Jul-12 30-Jun-13 686 1,550 1-Jul-13 30-Jun-14 686 1,550 1-Jul-14 30-Jun-15 686 1,550 1-Jul-15 30-Jun-16 686 1,550 1-Jul-16 30-Jun-17 686 1,550 1-Jul-17 30-Jun-18 686 1,550 1-Jul-18 30-Jun-19 686 1,550 Please refer Appendi one for a comparison of the tal allowable depreciation of both the Diminishing Value method and the Prime Cost method. This table can be viewed graphically in Appendi two and three. BAYVIEW, NT 0820 16 File No: 154096
BMT Ta Depreciation Prime Cost Method (Years 1-5) BAYVIEW, NT 0820 Ta Grouping Total Cost Effective Life Basic Rate Depreciation Allowance TWDV @ 14-Jan-10 (Years) (PC) 14-Jan-10 1-Jul-10 1-Jul-11 1-Jul-12 1-Jul-13 1-Jul-14 ($) 30-Jun-10 30-Jun-11 30-Jun-12 30-Jun-13 30-Jun-14 Year 1 ($) Year 2 ($) Year 3 ($) Year 4 ($) Year 5 ($) Division 40 - Plant & Equipment (Effective Life Rates) Unit Specific Ponons - Floating 13,719 20.00 5.0% 316 686 686 686 686 10,659 Total - Unit Specific 13,719 316 686 686 686 686 10,659 Common Property Air Conditioner - Split Systems 16 10.00 100.0% 16 0 0 0 0 0 Aumatic Gate - Mors 56 10.00 100.0% 56 0 0 0 0 0 Bathroom Accessories - Freestanding 6 5.00 100.0% 6 0 0 0 0 0 Ceiling Fans 4 5.00 100.0% 4 0 0 0 0 0 Door Closers 2 10.00 100.0% 2 0 0 0 0 0 Fire Booster Pumps 23 25.00 100.0% 23 0 0 0 0 0 Fire Etinguishers 4 15.00 100.0% 4 0 0 0 0 0 Fire Hoses & Nozzles 50 10.00 100.0% 50 0 0 0 0 0 Hot Water System - Solar 14 15.00 100.0% 14 0 0 0 0 0 Light Shades 20 5.00 100.0% 20 0 0 0 0 0 Marina Operations Controls 212 10.00 100.0% 212 0 0 0 0 0 Mouring Boys 96 10.00 100.0% 96 0 0 0 0 0 Partitioning - Demountable 7 20.00 100.0% 7 0 0 0 0 0 Security Moniring Door Controllers & Code Pads 13 5.00 100.0% 13 0 0 0 0 0 Security System 68 5.00 100.0% 68 0 0 0 0 0 Smoke Alarms 2 6.00 100.0% 2 0 0 0 0 0 Solar Powered Generating Assets 20 20.00 100.0% 20 0 0 0 0 0 Total - Common Property 613 613 0 0 0 0 0 Total - Division 40 (Effective Life Rates) 14,332 929 686 686 686 686 10,659 Division 43 - Capital Works Allowance Total Division 43 34,580 400 30,722 Total Depreciation 48,912 1,329 1,550 1,550 1,550 1,550 41,381 This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 17 File No: 154096
BMT Ta Depreciation Prime Cost Method (Years 6-10) BAYVIEW, NT 0820 Ta Grouping Total Cost Effective Life Basic Rate Depreciation Allowance TWDV @ 1-Jul-14 (Years) (PC) 1-Jul-14 1-Jul-15 1-Jul-16 1-Jul-17 1-Jul-18 1-Jul-19 ($) 30-Jun-15 30-Jun-16 30-Jun-17 30-Jun-18 30-Jun-19 Year 6 ($) Year 7 ($) Year 8 ($) Year 9 ($) Year 10 ($) Division 40 - Plant & Equipment (Effective Life Rates) Unit Specific Ponons - Floating 10,659 20.00 5.0% 686 686 686 686 686 7,229 Total - Unit Specific 10,659 686 686 686 686 686 7,229 Common Property Air Conditioner - Split Systems 0 10.00 100.0% 0 0 0 0 0 0 Aumatic Gate - Mors 0 10.00 100.0% 0 0 0 0 0 0 Bathroom Accessories - Freestanding 0 5.00 100.0% 0 0 0 0 0 0 Ceiling Fans 0 5.00 100.0% 0 0 0 0 0 0 Door Closers 0 10.00 100.0% 0 0 0 0 0 0 Fire Booster Pumps 0 25.00 100.0% 0 0 0 0 0 0 Fire Etinguishers 0 15.00 100.0% 0 0 0 0 0 0 Fire Hoses & Nozzles 0 10.00 100.0% 0 0 0 0 0 0 Hot Water System - Solar 0 15.00 100.0% 0 0 0 0 0 0 Light Shades 0 5.00 100.0% 0 0 0 0 0 0 Marina Operations Controls 0 10.00 100.0% 0 0 0 0 0 0 Mouring Boys 0 10.00 100.0% 0 0 0 0 0 0 Partitioning - Demountable 0 20.00 100.0% 0 0 0 0 0 0 Security Moniring Door Controllers & Code Pads 0 5.00 100.0% 0 0 0 0 0 0 Security System 0 5.00 100.0% 0 0 0 0 0 0 Smoke Alarms 0 6.00 100.0% 0 0 0 0 0 0 Solar Powered Generating Assets 0 20.00 100.0% 0 0 0 0 0 0 Total - Common Property 0 0 0 0 0 0 0 Total - Division 40 (Effective Life Rates) 10,659 686 686 686 686 686 7,229 Division 43 - Capital Works Allowance Total Division 43 30,722 26,399 Total Depreciation 41,381 1,550 1,550 1,550 1,550 1,550 33,628 This depreciation schedule is for use only by the party whom directed, and for no other purpose without the written consent of BMT Ta Depreciation Pty Ltd. No responsibility is accepted for any third party that may rely on the whole or any part of the content of this schedule. File No: 154096 Should the purchaser not elect use the pooling system, then the tal cost figure can be used and the applicable depreciation rates applied. Items with an opening value or written down value of less than $1,000 are depreciated under the pooling method. All pooled items have been depreciated at 18.75% in the year of acquisition and 37.5% each year there after. BAYVIEW, NT 0820 18 File No: 154096
BMT Ta Depreciation Summary Division 43 Building Write-Off Allowance BAYVIEW, NT 0820 19 File No: 154096
BMT Ta Depreciation 1.1 Special Building Write-Off allowance (Division 43) There is available Doyles Real Estate Pty Ltd ATF The Philip Doyle Superannuation Fund a Division 43 Special Building Write-off allowance which applies income producing Commercial buildings which commenced construction from the 16th September 1987 the present time. Under current Ta Legislation, the owner of the property is eligible claim the Division 43 Write Off allowance for a maimum of 40 years after the construction completion date. The Division 43 allowance applicable this property is calculated below. Total Cost for Division 43 application at; Works Date Rate Original Cost Building First Use 13-Jan-10 2.5% $34,580 Calculation for write off provision, PERIOD DIV 43 ($) 14-Jan-10 30-Jun-10 400 1-Jul-10 30-Jun-11 1-Jul-11 30-Jun-12 1-Jul-12 30-Jun-13 1-Jul-13 30-Jun-14 1-Jul-14 30-Jun-15 1-Jul-15 30-Jun-16 1-Jul-16 30-Jun-17 1-Jul-17 30-Jun-18 1-Jul-18 30-Jun-19 BAYVIEW, NT 0820 20 File No: 154096
BMT Ta Depreciation Appendi One 40 Year Projection BAYVIEW, NT 0820 21 File No: 154096
BMT Ta Depreciation Appendi One - 40 Year Projection Years 1-21 Years 22-41 Period Depreciation Allowance Period Depreciation Allowance Diminishing Value ($) Prime Cost ($) Diminishing Value ($) Prime Cost ($) 14-Jan-10 30-Jun-10 1-Jul-10 30-Jun-11 1-Jul-11 30-Jun-12 1-Jul-12 30-Jun-13 1-Jul-13 30-Jun-14 1-Jul-14 30-Jun-15 1-Jul-15 30-Jun-16 1-Jul-16 30-Jun-17 1-Jul-17 30-Jun-18 1-Jul-18 30-Jun-19 1-Jul-19 30-Jun-20 1-Jul-20 30-Jun-21 1-Jul-21 30-Jun-22 1-Jul-22 30-Jun-23 1-Jul-23 30-Jun-24 1-Jul-24 30-Jun-25 1-Jul-25 30-Jun-26 1-Jul-26 30-Jun-27 1-Jul-27 30-Jun-28 1-Jul-28 30-Jun-29 1-Jul-29 30-Jun-30 1-Jul-30 1,644 1,329 30-Jun-31 1-Jul-31 2,173 1,550 30-Jun-32 1-Jul-32 2,042 1,550 30-Jun-33 1-Jul-33 1,924 1,550 30-Jun-34 1-Jul-34 1,818 1,550 30-Jun-35 1-Jul-35 1,723 1,550 30-Jun-36 1-Jul-36 1,637 1,550 30-Jun-37 1-Jul-37 1,560 1,550 30-Jun-38 1-Jul-38 1,490 1,550 30-Jun-39 1-Jul-39 1,427 1,550 30-Jun-40 1-Jul-40 1,371 1,550 30-Jun-41 1-Jul-41 1,320 1,550 30-Jun-42 1-Jul-42 1,275 1,550 30-Jun-43 1-Jul-43 1,234 1,550 30-Jun-44 1-Jul-44 1,197 1,550 30-Jun-45 1-Jul-45 1,163 1,550 30-Jun-46 1-Jul-46 1,133 1,550 30-Jun-47 1-Jul-47 1,107 1,550 30-Jun-48 1-Jul-48 1,082 1,550 30-Jun-49 1,060 1,550 1-Jul-49 30-Jun-50 Total 877 872 869 867 866 866 865 465 1,041 1,233 48,912 1,023 1,007 993 980 968 1,217 1,084 1,002 950 918 897 885 464 48,912 BAYVIEW, NT 0820 22 File No: 154096
BMT Ta Depreciation Appendi Two & Three Graphical Representation Comparative & Cumulative Analysis Unit 51/24-30 Russell Street, MELBOURNE, VIC 3018 21 File No: 100718
BMT Ta Depreciation Appendi Two - Comparative Analysis 2,500 2,000 1,500 $ 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Year Ending Appendi Three - Cumulative Analysis 20,000 18,000 16,000 14,000 12,000 $ 10,000 8,000 6,000 4,000 2,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Year Ending Diminishing Value Prime Cost Unit 51/24-30 Russell Street, MELBOURNE, VIC 3018 22 File No: 100718