Commercial Food and Fuel Retail

Retail depreciation typically falls into one of 3 categories that will each vary considerably in terms of deductions, those categories are:

Small Retail

Convenience stores, small restaurants, pop-ups, small storefronts and food trucks. Claimable structure tends to be about $1,200-$1,800 per sqm.

Case Study - Small Retail - Mortlake, NSW

Medium-Large Retail

Large restaurants, supermarkets, car dealerships, medium-large storefronts and retail warehousing such as Bunnings. Claimable structure is usually between $1,600-$2,200 per sqm.

_Case Study - Large Retail - Cammeray, NSW

Fuel Specific Retail

Service stations and truck stops. As the “Build” costs for service stations tend to be in the millions but the percentage distributed towards plant and equipment is so high, it is difficult to ascertain an industry “standard” as the actual build cost after plant and equipment is taken into consideration is negligible and would only be a few hundred dollars per sqm.

Case Study - Service Station - Cootamundra, NSW

Each of these 3 categories tend to have similar base assets for deductions such as;

  • Lighting
  • HVAC (Heating, Ventilation and Air Conditioning)
  • Shelving

On top of these base assets each of the categories also has tendencies for further amounts of the following assets.

Small Retail

  • Floor coverings
  • Display Shelving & racking
  • Signage

Medium/Large Retail

  • Counters
  • Servers/CCTV
  • Tills/EFTPOS
  • Fire Control Assets
  • PA systems/Surround Sound

Fuel Specific Retail

  • Canopy Lighting
  • Fuel Storage Tanks
  • Underground Fuel Distribution & Piping Systems
  • Leak Protection Pressure Systems
  • Vapour Recovery Units
  • Gasoline & Diesoline Pumps & Dispensers

A Quantity Surveyor should be able to answer all of your detailed questions and will ensure that no items are missed, the maximum claim is made and that the report complies with the ever changing rules prescribed by the Australian Taxation Office (ATO).

We service Sydney, Newcastle, Parramatta, Melbourne, Brisbane, Adelaide, Perth & Regional Australia.

Talk to one of our tax depreciation experts today
on 1300 795 170 to ensure you have a professional
maximising your tax depreciation deductions.