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NBtax Tax Bites

Tips for Keeping the ATO Happy and Helping You Claim Depreciation Allowances

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Each year, you submit your taxes to the Australian Taxation Office (ATO) and hope for a tax refund. If you are earning income through residential investment properties, it’s in your best interest to claim all eligible deductions to offset rental income.

The tricky part is knowing what deductions to claim as rental expenses, and which ones are eligible for depreciation allowances,...

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Geelong Property in Top Gear

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Our investor clients are gearing up for a financial win with high depreciation deductions calculated for their luxury architect-designed townhouse in the Metropol Residences complex in Geelong, Victoria.

Perfectly positioned, a short stroll from vibrant Pakington St, and with a stylish fitout, this three-bedroom, double-storey home will attract high end tenants. 

With working remotely becoming popular and necessary, investment properties of this...

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Investment Properties in the Burbs are Trendy

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Not all property investors focus on high rise apartments. Many "mum and dad" investors and savvy boutique property developers are tapping into the suburban market building quality homes to attract families and professionals. The pandemic has focused many businesses to adopt a hybrid work model, offering people the choice to work from home. With properties in the suburbs affordably priced, it’s...

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Tilia in Lindfield Delivers Investors Tantalising Rewards

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If you are investing in high end residential apartments, especially in Sydney, you want to make sure you can maximise your investment returns and offset rental income through depreciation allowances. This depreciation case study looks at the luxurious Tilia, developed by Poly Australia. The complex offers luxurious residential living in Lindfield, on Sydney’s North Shore, and features a mix of...

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Trendy Innercity Queenslander Delivers Huge Depreciation Rewards

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With the end of the financial year, property investors need to work out what they can claim and ensure they have accurate records of purchases and building costs.

It’s easy to forget about the many items you have purchased for your rental property, and costs associated with major capital works. You will be surprised how much depreciation you can claim for...

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Hello, Helio. Fantastic Depreciation Benefits for Investors

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Developed by Spec Property, the Helio is one of the most impressive modern residential apartments in North Melbourne. With stunning views of Flemington Road, these luxury apartments are delivering substantial depreciation benefits for our clients. Each apartment features:

  • Oak timber floors in living, dining, entry and kitchen
  • Wool blend, natural fibre carpets to bedrooms
  • Timber veneer to kitchen and bathroom cupboards
  • Smeg appliances including...

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Dazzling Views Deliver High Depreciation Rewards

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From the expansive balcony, this property provides dazzling 360° views from the ocean to the Gold Coast hinterland. For our clients, the tax depreciation benefits in the Capital works on the building are equally dazzling.

Over the next 40 years, our investor client can recoup the cost of additional Capital works and the building through depreciation allowances, totaling $517, 184. This...

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Renovations for Mountain Retreat Delivers Depreciation Rewards

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Owning a holiday rental is a popular investment strategy for many property investors. Our clients purchased a second hand property at Tambourine Mountain in South East Queensland with the intention of renovating and leasing to short and long-term tenants.

The charming cottage on 2232m2 block, featured an Alpine design with grand towering roof line, plus kitchen, bathroom, three bedrooms and living areas...

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Renovated Investment Property Caters to Tenants with Disabilities and Delivers Depreciation Tax Benefits.

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It’s not everyday we receive a request to inspect an investment property that has been renovated to cater for people with disabilities. And, we’re very encouraged to see the property sector is moving towards greater inclusiveness by providing residential housing to support those with specialist care needs. 

In this case, our client owned a residential free standing Queenslander style home. They completely...

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Luscious Luxury Resort Style Home Delivers Rich Returns

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Many luxury resort style properties, especially those aimed at holiday makers include a substantial quantity of high end furnishings. This is great news for investors. Yes, you can claim even more tax benefits from depreciation by itemising furnishings separately in a depreciation schedule.

A fantastic example of where our Property Tax team has prepared a depreciation schedule for the property and...

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