Peter Guerra

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

NB Sydney races to 6th place – PIF Regatta

Group ShotNapier & Blakeley were pleased to again support The Property Industry Foundation in the Sydney Charity Sailing Cup.  This is a unique opportunity for client entertainment, business networking and relationship building, while making a difference to desperate kids who are doing it tough, by raising money to build a home for homeless young people.

The event was very well supported with well over 85 yachts racing, with 7 of them also being entrants for the Rolex Sydney to Hobart race.

Beautiful weather and 15 knot winds provided a perfect backdrop for an excellent day of sailing as the 6th place overall is testament.

We raced on ‘Margaret Rintoul V’ which is 61 foot maxi cruising and racing yacht.  After dropping anchor for lunch at the idyllic Manly Cove, it was then practice time – under the professional guidance of our crew, before the start of the race.

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It’s your money… don’t let it get away !

its your money imageAre you getting the best return from your investment property ?

Each year, millions of dollars in property depreciation goes unclaimed by property investors who don’t know how and what to claim – or who find the whole thing too hard.

Let us worry about it, so you don’t have to.

Napier and Blakeley are the property tax depreciation specialists. We’ve been working for investors for over thirty years, making sure they maximise their deductions – and get the best return. Our specialist quantity surveyors are among the most experienced and qualified in the country, and are advised by our research team on the latest revisions from the Australian Taxation Office. 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

Victorian first time home buyers will pay less stamp duty for homes from 1 September

Victorian first time home buyers will pay less stamp duty for homes from 1 September.

The reduction in duty has become increasingly attractive – initially, 20% was reduced on 1 July 2011, followed by 10% on 1 January 2013, 10% on 1 July 2013 and the upcoming 10% on next Monday, 1 September 2014.

It is available for new or established home purchases.

Victorian Stamp Duty table 3.9.14

 

 

 

 

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It’s Tax Time – Are you paying too much tax?

Australian Currency notes and coins 3.12.10Have you bought an investment property in the past financial year?

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

Do you own an investment property but have not claimed depreciation in the past?

If your answer is yes to any of these questions then you may very well be paying too much tax.

Depreciation schedules are a vital part of any property investment, they assist in reducing taxable income and maximising your tax refund.

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.  Napier & Blakeley was the first Australian company to provide specialist property depreciation services with dedicated in-house specialists to identify all available deductions throughout the life cycle of your asset. Continue reading

Property Reinstatement Cost Assessments – Are your property assets correctly insured ?

Construction costs are subject to constant change, so if you are insured are you confident that you are not either under or over insured in a changing cost market?

Quantity Surveyors are the only construction cost trained professionals that can make sure your assets have the appropriate insurance replacement cost cover.

A Quantity Surveyors purpose is to predict and manage construction costs. They are specifically trained to do so and they don’t value, they don’t build, they don’t design, they don’t buy and sell property. They are independent and professional consultants.

So here’s a quick list of Property Reinstatement Cost Assessments do’s and don’ts : Continue reading

ITS LODGEMENT DAY !

The End of Financial Year has come and gone and the 31st October is lodgement day.  So there is less than 2 weeks to get your Depreciation Schedules in place. 

We can assist you, guarantee 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.

Contacts

 

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

End of Year Investment Property Tax List

Let us assist you with depreciation tax deductions on your investment property and we will guarantee a happy new financial year for you.

Why pay too much tax ? and improve your cash flow at the same time, it’s a no brainer !

It’s the end of financial year again and if you own investment property, you should claim the available depreciation and building allowance deductions.

If you are not sure what to claim we will assist you, no matter how large or small your investment property is, we have analysed every type of property and can guarantee that we will generate significant tax saving for you and that the payback on our fees will be very short and maybe only a matter of months. Continue reading