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NBtax by Napier & Blakeley had the privilege of working with Apex Investment Alliance to prepare property depreciation reports on behalf of investors purchasing properties in the stunning Polaris Apartments in North Sydney. Located in the popular business district on Berry Street, Polaris is a beacon of light leading the way for luxury residential living.
Characterised by its innovative crystalline form...
From 1 July 2019, changes to the effective lives of assets listed as Plant & Equipment Items (Division 40) will take affect impacting depreciation allowances for residential property owners. The effective life refers to the length of time an asset can be depreciated.
In total 32 items have been changed or added to the effective life asset list in TR 2018/4.Our...
As you are aware, depreciation allowances for Capital Works (Division 43) are applicable to all newly constructed investment properties at a rate of 2.5% of the building costs. To help developers building new properties and investors considering purchasing new properties below are approximate construction costs prepared earlier this year taken from our Napier & Blakeley property industry Datacards.
Our Quantity Surveying...
We’re thrilled to celebrate our fourth anniversary operating under our NBtax by Napier & Blakeley brand. It’s been a tremendous journey, launching our new brand and website, while helping our clients achieve a greater return on residential investment properties through property tax depreciation allowances. We’re proud knowing our advice and depreciation reports have made a difference to over 6,000 clients, saving...
Property Investors in inner city suburbs are taking advantage of property depreciation to counter costs of prestigious apartment complexes. Owners of new properties purchased after 9 May 2017 which earn a rental income can claim property tax depreciation on the building (Division 43) and some of the contents on the property known as plant and equipment items (Division 40). Property...
At NBtax we are often asked many questions in relation to property tax but as Quantity Surveyors, we are restricted from giving advice which relates to accounting matters. Fortunately, we have a network of highly qualified advisors we can call upon to give their professional opinions and expertise. Today’s response is provided courtesy of Brett Bell from
The property industry is built on developing trusted relationships. Property investment can be risky but with proper advice and research, your risk is reduced significantly. As trusted property tax advisors, many of our property investors rely on our expertise and longevity in the industry to provide advice to maximise their...
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Cash is King for Property Investment
Despite the slow capital growth in some residential areas, property continues to deliver a good return on investment.
Overall, rents have remained steady in most regions giving investors income to pay mortgages and expenses. Cash is vital for all businesses including property. The better your cash flow, the easier it is to manage your investments.
Property Tax Depreciation...
The NBtax team had the privilege of reviewing the Capitol Apartment complex to determine the depreciation allowances available for investors. This striking 20 storey mixed use building located in the heart of Bondi Junction Sydney, compromises 100 apartments and a ground floor retail arcade completed in 2016.
Based on a typical one bedroom, one bathroom apartment with white goods inclusions, the...
Many property developers are providing various alternative community attractions as a way of enticing investors and tenants. Multi use tennis courts is a recent example which can be used all year round, provide an area for fitness besides tennis such as basketball and require less ongoing maintenance than pools.
If your investment property has a tennis court, you...