Property Tax

Property Depreciation reporting will save you money !

Australian fifty dollar notes 3.12.10Have you bought a property of late? 

All property no matter how small or old will have depreciation deductions available.

Have you recently refurbished / altered or extended your property? 

When a property is refurbished or altered there will be deductions available for those items including building works that are scrapped.

Have you had or about to have a lease expiry on your property? Continue reading

Stamp Duty – Which Method Will You Use? The Simple One, Or The Better One?

Napier & Blakeley strongly recommends the Better One.

The SRO in Victoria allows two methods for calculating stamp duty for Off the Plan Sales for development projects:

1.         Fixed method

2.         Alternative method

The government introduced the Fixed Method to simplify record keeping. In a Neat Trick however, the Fixed Method brings in more revenue to the SRO.  Continue reading