Purchase price allocation & tax depreciation

Ensure you have an accurate picture of your asset’s true market value to get the full benefits for tax depreciation purposes

Talk to us about a valuation for tax purposes

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The new taxation rules

Since April 2021, the amended act has required both parties to agree to the purchase cost allocation in writing, within three months of the change in ownership of the assets. The agreed values must be duplicated in their tax returns. These changes can have a large impact on purchasers’ future tax depreciation claims and vendors’ tax depreciation recovery.

The rule applies to most industrial, office, hospitality or retail property sales, if the total sale price of the property is $1m+ .

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Everything you need to know about the new taxation bill

What do the latest amendments to the Income Tax Act mean for you if you are purchasing or selling a commercial property? We take a closer look at the details.

Learn more

How we help

Purchase price allocation

An accurate purchase price breakdown, ready to be used as a depreciation schedule.

Assets summary

All assets are summarised into their IRD general depreciation rate asset categories so you can claim at the prescribed depreciation rate. This can be used as evidence if your depreciation schedule was reviewed by IRD.

Expertise

Your building’s fit-out and services have been identified by experienced valuers who know what to look for.

Maximise your tax depreciation deduction

If you decide to refurbish or write off assets, their value can be identified within the detailed schedule.

Talk to us about purchase price allocation & tax depreciation

JLL’s sector experts can help you to understand the actual market value of your assets to potentially save you thousands every year.

Graham Barton

Director, Value and Risk Advisory

+64 274 863 487

Murray Rendle

Associate Director, Registered Plant & Machinery Valuer

+64 22 499 0080

Kevin Baylis

Plant and Machinery Valuer, Value and Risk Advisory

+64 27 702 3714

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