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Residential holiday rentals are a staple component of property portfolios for many investors. With this type of investment, it’s crucial to ensure the property is available for rent for a significant portion of the time to take advantage of depreciation allowances and tax benefits.
Our NBtax team had the pleasure of inspecting the stunning new holiday apartments – Koko at...
When you buy second hand or older residential investment properties, especially those needing major capital works or replacement of assets, you can benefit from thousands of dollars in savings through depreciation allowances.
Remember on older or second-hand properties purchased after the 9th May, 2017, you can only claim depreciation allowances for the Building (Division 43) and any new items purchased as...
We’re very excited to celebrate another incredible year for our Property Tax team at NBtax by Napier & Blakeley. Even with the challenges of a global pandemic, our residential property clients have managed to maximise their return on investments through depreciation allowances.
Our Property Tax team has been working hard in all states to service the needs of our clients, delivering professional...
Escaping from the city has never seems so enticing than over the past 12 months. With regional areas increasing in popularity with tenants, it’s no wonder, property owners are looking to invest in the suburbs. Our next depreciation case study focuses on a townhouse development in Braybrook, 10km west of Melbourne.
This modern property, constructed in 2020, is used as a rental...
Did you know your property depreciation report is valid for the life of the building, up to 40 years? Yes, that’s right! You can use the same report to claim depreciation allowances on your taxes, provided there are no changes to the building or the plant and equipment assets included in the report.
Recently, our Property Tax team completed a detailed...
Congratulations, on purchasing your investment property. Now that your property has settled and is available for rent, you’ll be seeking to gain from any tax benefits. To take advantage of depreciation allowances, you’ll need to obtain a depreciation report. This will enable you to offset rental income and reduce your personal income tax. Sounds great, right? But how do you choose...
While not everyone will consider depreciation tax benefits as a major reason for choosing one investment property over another, savvy investors will look at the big picture and find the tax benefits very tantalising.
Did you know, you can offset rental income, manage cash flow, and save thousands of dollars in tax through depreciation allowances? The long-term benefits for investors are substantial,...
With plenty of new residential apartments on the market it’s no wonder we are seeing a greater uptake by investors. One of the many benefits of owning property as an investment is the opportunity to offset rental income and expenditure. Capital allowances allow property owners to increase the return on their investments and reduce their taxable income.
Our Property Tax team are...
We’re excited to see an increasing number of newly built residential developments combining luxury resort style living, entertainment, retail and business, in fringe city districts across Australia. This has become a popular trend for developers attracting property investors and homeowners alike. The Montague Markets and Residences located in Brisbane’s riverside West End district is an outstanding example of this trend.
Part...
It’s fair to say, the property market has shown remarkable resilience during the pandemic with residential property values generally remaining steady or improving depending on the locality. With many people taking advantage of low interest rates to buy properties for themselves or as investments, the question of whether to buy old or new remains.
From a tax depreciation perspective buying new...