It’s Tax Time – Are you paying too much tax?
Have 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
Lease Make Good – The Break Up
Headaches and protracted negotiations at lease expiry could be avoided by well drafted Make Good clauses and thought out strategy (see Lease Make Good – The Pre Nup).
However, more often than not, the end of term Make Good obligations require negotiation between Landlord and Tenant. This may be in the form of Lease incentives or other commercial considerations negotiated between the Property Manager, Asset Manager and the Tenant directly.
Alternatively, specialist Make Good advice can obtained from Napier & Blakeley.
What We Do – End of Term Claims:
We will discuss the overall asset strategy for the premises. This will consider what the owner ultimately wants from the Make Good process, i.e. a financial settlement, the Tenant to undertake the Make Good works or to use the Make Good figure part of their Lease renewal negotiations.
Undertake a review of the Lease and other tenure documentation prior to inspection, in order to determine and provide advice on the likely Tenant responsibilities. Continue reading
