The philosophy of the organisation may determine the building you choose and the type of fit out required. Take, for example, Big Switch Projects who specialise in the project management of green building projects. Now in their fourth year of operation, they have recently relocated from a shared serviced office to their own floor at 207 Clarence Street, Sydney.
A useful tool to ensure you are maximising potential benefits of disposals is an inventory of existing plant, equipment and furniture. The creation and maintenance of a current asset register is crucial in identifying total property ownership. It is particularly important in situations where there are multiple properties within one portfolio spread over a large geographical area.
Who is incurring capital expenditure on fit outs? Who has the beneficial ownership of the fit out?
The answers to these two questions determine who is entitled to claim the depreciation. Let's look at two common scenarios to see the difference the structure of a fit out contribution can make on the availability of depreciation in a landlord and tenant relationship.
The winter has proved a busy time for us, with a new office opening in Brisbane and continued growth in both Sydney and Melbourne. We are firmly established as a national company having completed projects in NSW, Queensland, Victoria, South Australia and Tasmania and provided advice for acquisitions in Northern Territories and Western Australia.