Kath Hemphill

Tax time is here – Are you paying too much tax ?

Tax timeDo you own or have you bought an investment property in the past financial year?

Or…  have you recently refurbished, altered or extended your investment property in the past financial year?

Or…  do you own an investment property but have never claimed depreciation in the past?

Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all.

If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions. Continue reading

Tax time is coming – Are you paying too much tax ?

Do you own or have you bought an investment property in the past financial year?

Or…  have you recently refurbished, altered or extended your investment property in the past financial year?Tax time

Or…  do you own an investment property but have never claimed depreciation in the past?

Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all.

If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions.

Property tax allowances (commonly known as depreciation) provide an opportunity for owners of income producing property to reduce their taxable income, thus reducing the tax payable.   Continue reading

Is your Lodgement day approaching ?

The end of the financial year has come and gone and if your tax lodgement day is approaching we can still assist you to maximise the tax deductions available on your investment property.

Not only can we assist you, we guarantee that you get maximum deductions and also be fully compliant with the A.T.O. as we are Registered Tax Practitioners.

Napier & Blakeley, the first Property Depreciation Company and still the best – just ask your Accountant.

Call Napier & Blakeley today for assistance with your Tax Depreciation Schedule or any other Napier & Blakeley services at any of our offices below:

Peter Osborn Backgroundv2
SYDNEY

Peter Osborn
Director – NSW, ACT
o.   02 9299 1899
m.  0439 765 571
e.   posborn@napierblakeley.com Continue reading

It’s Tax Time

tax.time_-753x269Before you instruct us to do your detailed Depreciation Schedule, we can tell you how much your tax deduction will be.

Then… you can decide if we provide value for money.

So if you have…

  • Acquired an investment property of any age, type or in state of repair;
  • Completed any construction works;
  • Completed a fit out;
  • Had a tenant leave your property and you have inherited their fit out;
  • Had a tenant leave your property and you have removed their fit out and made good;
  • Paid any $ towards a tenant fit out. Continue reading

Tax time is here again!

tax world cut outThe end of the financial year is upon us and we want to make sure you’ve got all your property tax bases covered!

If during the past few or this current financial year you’ve owned (or updated) an investment property and earned an assessable income from it then you are likely entitled to tax deductions and allowances or otherwise commonly called property tax depreciation.

For over 30 years Napier & Blakeley has analysed many thousands of properties, preparing property tax depreciation schedules for owners of virtually every type of property ranging in value from a few hundred thousand dollars to billions. There are well in excess of three million property investors within Australia and the majority of these owners are not likely to fully maximise available deductions, which can significantly affect and increase their after tax yields and cash flow.

In a recent analysis of a five year old commercial office building with a purchase price of $5m, a land value of $1m and an income of $500,000 we found the following;

If you claimed no depreciation and building allowances, your after tax income at the following rates would be: Continue reading

Simple and rewarding, but often overlooked

Money-in-pocketNapier & Blakeley’s Louise Hegarty discovers the best way to get your head out of the sand, and the money into your pocket.

There’s one area even experienced property investors can struggle with – property tax depreciation. 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 team at the Sydney office of Napier & Blakeley. Like most things, it’s all about the people.

“Finding the right professional sets you up for the life of your investment,” says Peter. “An experienced and registered tax depreciation specialist has the skills to obtain the maximum return while still staying compliant. And most importantly, you can relax knowing it’s all being looked after.” Continue reading

Do you have FOMO?*

*(fear of missing out?) FOMO image

If you’re a property investor and not claiming tax depreciation, you are missing out on some serious cash.

But don’t worry – we’ll fix it!

Napier & Blakeley’s expert team have been maximising property depreciation claims for over three decades. And if we can’t claim you back three times as much as our very reasonable fee, we’re free.

Chances are, though, you’ll end up with thousands of dollars in your pocket. We can even help you claim deductions from past financial years, up to two previous years on top of the current tax year!

We’ll get you every cent you’re entitled to. Our registered tax agents work with accountants and the ATO to stay updated and compliant – ensuring the maximum return for you. Continue reading

Tax time, just months away !

Its March already!

Have you got your depreciation schedules in order?

Getting your tax depreciation or ‘property allowances’ right can make a real difference to reducing your taxable income, slashing your tax bill and putting more cash in your pocket.

Maximising returns

How does it work?  You can claim deductions based on two allowances:

1. Depreciation assets:
These are items that lose value more quickly – such as carpet, lifts, and whitegoods. You may be able to claim up to 20% of the property’s purchase price this way.

2.  Building allowances:
Depending on when your property was built, you may also be able to claim a deduction for part of the original construction or refurbishment costs.

You may even be able to back-claim previously unclaimed depreciation benefits.

Managing risk

The Australian Tax Office (ATO) requires all assessments of building works to be completed by a suitably qualified professional. That’s us! We’re Quantity Surveyors and we stay at the forefront of ATO requirements, which is worth its weight in gold.

In fact, we were the first Australian company providing specialist property taxation services – and three decades later, we’re still doing it.  Plus, we’ve got offices in every major city so we’ve got you covered.

Minimise cost

Here’s some more good news. Our competitive fees are 100% tax deductible. And, if we can’t find more than double our fee in deductions for you within the first year, we won’t go ahead.

With a professionally prepared Property Depreciation Schedule, you can end up with $1000s more in your hand for the life of your property investment. Cash really is king so why spend more than you have to? It’s a great way to unlock cash and grow your property portfolio faster.

Around four out of five property investors have room to move so odds are you do to.House Line

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Imagine your future with more cash in hand

imageMake your property investment return more cash, year after year, with a professionally prepared Depreciation Schedule.

Investors who produce an income from residential property may be eligible to claim property tax allowances.

This means you end up paying less tax without having to outlay cash and get a bigger tax return by claiming:

  • up to 20 percent of the purchase price in depreciating assets
  • part of the construction costs if the property was built after 1985
  • There’s no risk – if we can’t find more than double our fee in deductions for you within the first year, we won’t go ahead. Continue reading

Discover your Property’s Full Tax Deductions

A Depreciation Schedule can reduce your tax payable and can literally add thousands to your cash in hand.

The figures and benefits speak for themselves:

image PNG

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