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NBtax Property Tax Bites

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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