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NBtax Property Tax Bites

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 income
  4. The depreciation schedule...

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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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