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NBtax Tax Bites

Investors in NSW Regional centres Reap Depreciation Rewards

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We’re super excited to have been involved in another highly popular residential development in Greater Western Sydney. 

Spanning two buildings, The Bindery is a stunning waterfront residential apartment complex in Sydney’s oldest heritage site, located at 28 Shepherd Street, Liverpool. Part of the third stage release of The Paper Mill precinct developed by Coronation Properties, The Bindery offers a variety of...

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Property Industry Raises over $45,000 for Youth Homelessness

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Last month, our Quantity Surveyors were among the hundreds of property professionals who took part in the Property Industry Foundation’s annual Tour de PIF to raise funds to support vulnerable youths in our community. Congratulations to all the cyclists for their efforts in riding the gruelling 50Km and 75Km trek in and around Mt Cotton in South East Queensland. Together...

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Depreciation Allowances Deliver Huge Rewards for Investors of Collins St Residential Apartments at Victoria Harbour

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The multi-billion dollar Victor Harbour precinct developed by multi-national Lendlease is a stunning example of a new style of residential living. Our NBtax team has been involved with all three stages of the development including No. 1 Collins Street, 883 Collins Street and 889 Collins Street.

Each of the apartment complexes have proven extremely popular with home owners and investors featuring...

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Polaris Shines Brightly for Investors

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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...

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Effective Lives of Plant & Equipment Assets Amendments

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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...

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Construction Cost Datacards

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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...

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NBtax by Napier & Blakeley 4th Anniversary

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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...

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Property Depreciation Provides Added Bonus for Investors

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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...

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Property Tax Q&A

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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 Read more

Building Relationships and Giving Back

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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 property depreciation allowance claims and reduce their overall taxable...

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