Tax Depreciation

Is it time for a Napier & Blakeley Health Check?

Recently Napier & Blakeley completed a health check on a client’s existing depreciation claim.  In one tax year the client added $300,000 cash to their tax return. 

If we can do this to one years return what else could you and your investors be missing out on ?

Do not make the mistake of assuming that others know what they are looking for.

Napier & Blakeley are the original experts in property depreciation; would you trust your health to anyone but an expert?

Call us today to talk about your options. Continue reading

End of Year Investment Property Tax List

 Property Tax Deductions are available as follows:

  • Depreciation of plant – such as air conditioning and mechanical ventilation, some electrical items, lighting, carpets, lifts, furniture and fittings.
  • Building Structure (Capital Allowances) for investment properties constructed after July 1982, or for refurbishment, renovations, additions alterations after that date.

Now answer these questions…

  1. Have you got a current depreciation schedule? If not Napier & Blakeley are qualified to establish values for the depreciating assets that you own.
  2. Have you bought an investment property throughout the tax year?
  3. Have you altered, renovated or added to your existing investment property throughout the tax year?
  4. Have you demolished all or parts of your investment property?
  5. Have you changed, added to or thrown out any items of fitout or FF & E during the financial year?

The establishment of a compliant depreciation schedule allows you to calculate your entitlements to Depreciation and Capital Allowances deductions and to manage the process of change to your asset.  Continue reading