Paul Mazoletti

Technical Due Diligence and ESG

Capture 2Napier & Blakeley’s expertise in asset and development advisory provides an integrated approach to achieve the best results for sustainable property outcomes.

Our quantity surveyors, building consultants and engineers can plan and price works associated with improving the ESG performance of a building.

Sustainable investments achieve long-term financial growth where risks and opportunities are identified and managed through environmental, social and corporate governance or ESG.

Technical Due Diligence is a perfect tool to facilitate good property transactions, to initiate asset management and   to achieve investment goals.

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

Budget 2017 Depreciation Deductions

House roofsIn the Federal Budget on 9th May, depreciation allowances forming part of an investors income tax deductions for second hand residential investment properties were effectively killed off.

This will apply to the purchase of any second hand properties where the contract to buy is entered into after 7.30pm on 9th May 2017.

Contracts entered into prior to this date will be grandfathered and deductions will still be able to be claimed.

What this means is not entirely clear yet.

Will this mean, for example, that items previously considered to be plant and equipment and therefore deductible under Division 40 of the ITAA could now simply form part of the building and therefore become deductible as part of the building and included under Division 43 Capital Works deductions? Continue reading

Major change to the Commercial Building Disclosure Program is fast approaching on 1st July 2017

shutterstocMelbourne - Australia. 03.08.12Following the announcement made by the Australian Government last year, the mandatory disclosure threshold on commercial office buildings will reduce from 2000 square metres to 1000 square metres starting the 1st July 2017.

From 1st July 2017, this expansion of the CBD program will require most sellers and lessors of office space of 1000 square metres or more to obtain a Building Energy Efficiency Certificate (BEEC) before the building goes on the market for sale, lease or sublease.

BEECs include a Part 1 – the building’s National Australian Built Environment Rating System (NABERS) Energy for offices star rating which is valid for 1 year, and a Part 2 – Tenancy Lighting Assessment (TLA) of the relevant area of the building which is now valid for 5 years (since September 2016).
Continue reading

Developing Property to be Operations Ready

ready to goThe origins of ‘Operations Ready’ go back in time and relate to the military being ready to engage.

Property companies are turning to military like tactics to ensure property developments achieve the best possible performance at completion – and are mission ready for operations.

Whether property companies develop their own property or portfolios, procure by contracting or through  property acquisitions, they tell us of the challenges of navigating handover – through transition from construction to ‘taking ownership’ of the property – and the ongoing management requirements. Continue reading

2016 in review and 2017 going forward

NB_Logo_Blue_1

We are already off to a busy start to 2017 with expectations of substantial Real Estate Investment activity in our region over the year ahead.

2016 saw many milestones for us and our independent and trusted advisory services, throughout which we worked on:

  • more than 600 technical due diligence reports for vendors, purchasers and financiers of property or development acquisitions. Our large national team allowing us to deliver more than 12 due diligence projects every week.
  • a significantly increased number of debt rollover re-financing due diligence projects for financiers of existing assets. Continue reading

Season’s Greetings from Napier & Blakeley

santa-present-beach-reduced2016 was quite an incredible year with significant global change and with it, new opportunities opening up for us here in Australia.

It was also another busy year for Napier & Blakeley, with our independent trusted advisory services again being in great demand from both local and offshore clients investing in Australia and SE Asia.

In 2016, we managed client projects across all states and territories of Australia and also in Singapore, Hong Kong, Indonesia, Sri Lanka, Fiji, The Maldives, Guam and New Zealand.

We would like to say a big thank you to all of our clients and send all of you and your families our Season’s Greetings.  We look forward to working with you again and to a successful and prosperous 2017 for all.

Our offices will close at 5pm on Friday 23rd December and reopen on Monday 9th January.

Should you have any urgent business during that time, please contact our Managing Director, Alastair Walker on 0419 503 289 or at awalker@napierblakeley.com. Continue reading

Napier & Blakeley Brisbane has moved up in the world…

… by moving from Level 7 to Level 8.

We’ve always liked this building, having been one of the original tenants, and now our people are enjoying the bright new fitout.

We invite you to pop in and say hello any time to have a look at our new place and have a chat.

All our contact details remain the same – just go to 8 and not 7.

imag1329imag1322imag1336imag1341

 

 

 

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