The hotel industry is everchanging to cater to the needs of the modern-day traveller. Hotel guests no longer want a simple place to rest their head. Instead, they want an experience.
No hotel is too unique to reap the benefits of tax depreciation. If you own or operate a hotel, no matter how remote the location or small the structure, you could be entitled to hundreds of thousands of dollars in depreciation deductions.
From the architecturally grand to the completely obscure, here are six unique hotels changing the game.
1. Freycinet Lodge – TAS
Freycinet Lodge is for travellers who want to immerse themselves in nature. Nestled on the edge of Freycinet National Park on Tasmania’s east coast, this eco-lodge boasts a location that is second to none.
The luxury development consists of nine architecturally designed pavilions with stunning views of the national park and coastline.
The accommodation is both intimate and expansive with the top of the range pavilions featuring floor-to-ceiling glass windows and natural timber walls.
2. The Collectionist Hotel – NSW
The Collectionist Hotel prides itself on choice. No two rooms are the same in this eclectic Sydney hotel and guests have the option to choose their interior upon arrival.
There are no basic beige walls or stock standard white sheets to be found here. With a collection of 39 custom designed rooms and interiors, guests are encouraged to ‘choose different’.
The Collectionist Hotel is a collaboration between four Australian design studios and is the perfect antidote to cookie cutter design.
3. Alkira – VIC
Travellers looking for a truly unique experience should take note of Alkira Eco-Glamping Retreat.
This snug straw-bale yurt can be found on a 40-acre property in Emerald, Victoria. As a part of the stay, guests can explore the surrounding farm and soak up the pristine natural surrounds.
4. COMO The Treasury – WA
COMO The Treasury is a Perth-based hotel featuring 48 elegant guest rooms and suites which boast original high ceilings, cornicing, and balconies.
Set in a 19th-century former government building, the hotel uses a simplistic colour palette to capture a sense of serenity in heart of the city.
Guests can enjoy two restaurants, a bar, lounge, library and 20 metre indoor pool.
5. Longitude 131 – NT
It doesn’t get much better than this when travelling to the red centre. Longitude 131° has some of the best views of Uluru.
It should come as no surprise as the hotel’s name refers to the precise location of the famed natural landmark.
Each room has a tent-like interior and full-length windows so guests can admire the incredible desert expanse.
6. Notel – VIC
Notel consists of six airstream trailers positioned speak-easy style on the roof of a nondescript Melbourne car park. True to form, it’s called Notel because it’s like no other hotel.
The retro trailers, which are similar to tiny homes, have been fully renovated and are bursting with bright pink décor. It’s easy to see why this hotel is a hot spot for Instagram influencers and trendy travellers.
No hotel is too unique to claim depreciation
As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows owners of income producing property, including hotels, to claim deductions related to the building’s structure as well as the plant and equipment items contained within the property.
Capital works refers to the deductions available for the building’s structure and items deemed to be permanently fixed to it such as bricks, mortar and staircases. The owner of a commercial property in which construction commenced after the 20th of July 1982 can claim these deductions at a rate of 2.5 per cent.
Unlike capital works, there are no date restrictions for depreciating plant and equipment assets in commercial properties. Depreciation deductions for these assets are calculated based on each item’s individual effective life as set by the ATO. Discover the tax depreciation deductions your hotel accommodates here.
As Australia’s leading property tax depreciation specialist, BMT Tax Depreciation understand that every commercial property is different. Using industry specific legislation, a specialist site inspector will assess your hotel to ensure every deduction is uncovered and maximised. This includes any fit-out installed or assets removed during a renovation.
To find out more, visit bmtqs.com.au or speak to the expert team at 1300 728 726 today.
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