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NBtax Tax Bites

Property Tax Facts Depreciation Assets – What you need to know…

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Property Tax Facts Depreciation Assets – What you need to know… 

We’re continuing our educational series to help property investors understand the value of depreciation. Residential properties leased for long term rentals or short holiday stays are eligible for depreciation allowances. Newly built properties such as free-standing houses, townhouses, or apartments that include assets can claim allowances for the Building (Division 43)...

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“Evergreen” St Ives Apartments Deliver Huge Tax Savings for Property Investors

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Evergreen, St Ives is another modern residential development delivering up to $17,000 in property depreciation tax savings for investors, over 12 months. Developed by PTG Investments, the Evergreen complex includes a range of one and two and three bedroom apartments with car parks, conveniently located at St Ives in Sydney’s North Shore district. 

Our Sydney based Property Tax Analysts had the...

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Understanding Repairs vs Capital Works Deductions

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By now, you’ve gathered that tax depreciation is the highest form of non cash deductions you can claim. On average investors can claim thousands of dollars in depreciation to offset rental income from residential properties. 

When you own a rental property, you don't just own the land and the building, but also things in the building, such as the carpets, blinds,...

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Ten Property Tax Depreciation Facts You Need To Know….

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  1.  All residential properties used to generate income are eligible for depreciation allowances. How much you can claim will depend on the age of the building and the assets.
  2.  Tax depreciation is the highest form of non cash deductions you can claim on your personal income tax return for residential investment properties.
  3.  Depreciation allowances enable property investors to reduce taxable...

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Depreciation Allowances delivers tax bonanza for Investors of Azure’s Keona Apartments

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Investors of Azure’s Keona Edition residential apartments are set to receive thousands in tax savings this financial year. Azure’s property clients have received depreciation reports prepared by NBtax by Napier & Blakeley delivering up to $18,000 in capital allowances for the first year.  

This is a substantial windfall for Azure’s clients. Now they can use our depreciation schedules to offset...

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Property Analysts at Work

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We’re very proud of our Property Tax team who work diligently to ensure all depreciation reports are accurate and compliant. Recently, Property Analyst Victoria Lyons conducted a property inspection on a newly constructed apartment complex. Victoria takes the time to compile a detailed register of all plant and equipment items, as well as assessing wear and tear. This included white...

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All Depreciation Reports are Not the Same

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In an ideal world, every property depreciation report or schedule should be the same. But we don’t live in an ideal world, so in some cases, there are vast differences in the quality of depreciation reports. A poorly prepared depreciation schedule will result in property investors missing out on valuable depreciation allowances, costing them thousands in additional taxes. In worst-case...

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Life Saver for Property Investors via Depreciation Allowances

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Residential property investors seeking tax relief have a built-in life saver through depreciation allowances. Now more than ever, investors need to be smart and claim all eligible deductions. Newly built properties offer substantial tax savings. 

The stunning Gallery House Apartments recently completed in Brisbane is a perfect example of how one property investor gained $60,000 in tax benefits for the first year,...

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Celebrating 5 Years of Providing Excellent Tax Service

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In 2015, NBtax by Napier & Blakeley was launched to provide cost-effective and quality depreciation reports for investors of residential investment properties. During the past five years, we are extremely proud to have worked with leading residential developers and private investors delivering significant tax savings across Australia. 

National Residential Manager, Kath Hemphill, and the NBtax team have done an excellent job...

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Property Analysts at Work

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Ever wonder what is involved in preparing a depreciation report for residential investment properties? Our Property Tax Analyst firstly gather as much information on the property as possible. This includes an exhaustive search of records to determine the construction costs, type, size, and age of the property. Next our Property Analyst will conduct a physical inspection to itemise and evaluate...

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