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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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