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

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.

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

Murray Rendle

Associate Director, Registered Plant & Machinery Valuer

Kevin Baylis

Plant and Machinery Valuer, Value and Risk Advisory


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