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NBtax Property Tax Bites

Savvy Investors Renovate and Reap Rewards Through Depreciation Allowances

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You’ll be surprised to discover, sometimes buying, and renovating properties with no depreciation value remaining can be a good thing. In this tax depreciation case study, our savvy clients purchased a former run-down hostel with 13 individual rooms for let. This humble property is situated on a 913sqm corner block in the trendy inner-city suburb of West End, less than 2km...

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Investors Benefit from Depreciation Allowances on Stately Apartments in Sydney

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Designed to impress, 15 Young Street is nestled amongst Sydney’s newest city village, Quay Quarter. These striking apartments feature rich masonry facades complimenting their luxurious interiors. The rooms are stylish and full of modern fittings and fixtures to enjoy, while admiring magnificent city and harbour views.

Completed earlier this year, investors buying these new apartments can receive substantial tax benefits through...

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Lessons from Renovated Investment Property Kenmore

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2021 has been a huge year for the building industry. New builds and renovations were a top priority for homeowners and property investors. Savvy investors can claim depreciation on both the Building and Plant & Equipment for their renovated properties and assets, but its all in the timing. 

This case study examines the value of depreciation on a renovated secondhand...

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Better Late than Never; Take Advantage of Depreciation Allowances Now!

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Recently, our Property Tax Team prepared a depreciation schedule for our clients who purchased a two-bedroom apartment in a residential complex at Rosebery, NSW. The apartment included access to swimming pool, sauna, gym, plus lift and underground carpark. 

Our clients bought the property as an investment before the legislation change came into effect on 9th May 2017, so they were eligible...

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Belmont Beauty Delivers Bountiful Depreciation Rewards

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Continuing the trend of investing in newly built homes in the suburbs, our client purchased a contemporary low set home in Belmont, one of Geelong’s oldest, largest and most popular suburbs in Victoria.

Our Property Tax team inspected the property to assess the Building and Plant & Equipment items to prepare a tax depreciation schedule.

This free-standing new property is one of...

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