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The provided information is for the commercial building that locates in Brisbane City. what would be the individual tax rates for this building. Variables/ Assumptions
The provided information is for the commercial building that locates in Brisbane City. what would be the individual tax rates for this building.
Variables/ Assumptions | |||
Purchase Price | $200,000,000 | ||
Required return | 7% | ||
Rent | $92,608 | per week | |
Growth | 7% | per annum | |
Term | 10 | years | |
Management Fees and statutory fees | $456,696 | per annum | |
Vacancy and relet fees | 5% | gross income | |
Acquisition costs | 7% | PP | |
Terminal Yield | 6.10% | ||
Selling costs | 4% | ||
Finance details | |||
Deposit saved | $15,000,000 | ||
Interest rate on borrowings | 7% | (interest only loan) | |
Loan term | 5 | years | |
Loan amount (exclude acquisition costs) | $185,000,000 |
Tax details/ assumptions | |||
Deductions | |||
Building cost | $5,000,000 | $125,000 | |
Building built in | |||
ATO rate building allowance | 2.50% | ||
Plant and Equipment depreciated value | $20,000 | $2,000 | |
ATO rate (prime cost) | 10% | p.a. | |
Cost base | |||
Purchase Price (PP) | -$20,000,000 | ||
acquisition cost | -$1,400,000 | ||
Capital expenditure | $10,000 | ||
Building allowance | -$1,250,000 | ||
Total Cost base | -$22,640,000 | ||
Sales price | $94,686,939 | ||
selling cost | -$3,787,478 | ||
Capital gain/loss | $113,539,461 | ||
CGT discount for individual | 50% | ||
CGT payable | $56,769,731 |
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