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NBtax Tax Bites

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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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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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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Be a Savvy Property Investor!

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Buying property for investment purposes can be a lucrative endeavour for those who understand some of the tips and tactics utilised by the most experienced investors in this field. Most of those who are active in the property investment sector are knowledgeable about the significant tax deductions that are available. However, out of all the tax deductions that investors are...

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