NBtax Tax Bites

LINKEDIN ARTICLE BY KATH HEMPHILL

Property Tax Depreciation; simple and rewarding, but often overlooked. This is one area even experienced property investors struggle to understand. According to recent mortgage lending stats, the majority of property investors in Australia under-claim the available depreciation, and many don’t claim at all. 

Yet it’s surprisingly simple and lucrative, says Peter Guerra, Senior Manager of the tax...

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I am looking at buying my first investment property this year, and a friend has advised me to purchase a unit instead of a house for better depreciation benefits. I don’t quite understand how this works: houses are bigger, therefore shouldn’t the depreciation returns be higher? I would love some advice before I invest, as I’m aiming to...

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"I have bought an investment property, in April 2017 which I plan to renovate in about six months’ time. It was leased when I bought it, and the lease runs out on October, so I plan to renovate it when my tenant moves out. I’m not sure whether I should get a depreciation schedule done now so I can...

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At NBtax by Napier & Blakeley we receive many enquiries from investors asking for advice about their tax depreciation entitlements. This query examines the depreciation allowances for second-hand homes.

"I own a three-bedroom townhouse that I bought three years ago for $434,000. I didn't bother getting a depreciation schedule as the place was 17 years old, as I was...

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Buying property for investment purposes can be a lucrative endeavour for those who understand some of the tips and tactics utilised by the most experienced investors in this field. Most of those who are active in the property investment sector are knowledgeable about the significant tax deductions that are available. However, out of all the tax deductions that investors are...

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If you are in the property investment industry, your primary goal is to maximise the return on your investment. Part of that equation is ensuring that you are taking advantage of the maximum allowable depreciation amount on your investment properties. The majority of investment properties, regardless of their age, size, or classification (commercial, residential, or industrial) are allowed to be...

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