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NBtax Tax Bites

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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Cash is King for Property Investment

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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...

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Capitol Apartments

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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...

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Are you claiming depreciation for your tennis court?

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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...

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Time for property investors to get their head out of the sand.

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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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Investment House Vs Unit - Which delivers better depreciation returns?

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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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Should I claim depreciation allowances before or after I renovate?

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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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Unlock Your Tax Refund !

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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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