Property Tax Allowance Deductions
How to maximise the cash from your investment !
Property Ownership
Why is it that when talking about investments, the discussion is based on a net before tax return, and the issue of after tax return is never given proper consideration? In this article using some basic rules of tax depreciation, we will show a simple example of how deductions, when properly calculated, can improve the net after tax cash return of a property investment.
What if this information is not available from the vendor?
Tax ruling 97/25 basically provides the avenue for the owner to have an assessment done by a suitable qualifed professional quantity surveyor such as Napier & Blakeley.
Example – see Table 1
The simple example below shows how a properly prepared property tax allowance assessment can provide icing on the property investor’s cake. We used a $5m office building with 1800m² net lettable space, rented at $250m² to give a total of $450,000 annual income. We also know that it was built in 1995 and includes a land component of $500,000. Continue reading
Are you maximising your tax deductions?
Around four out of five property investors don’t, so you’re not alone.
A professionally prepared Depreciation Schedule will help you reduce taxable income and maximise tax refunds for the life of your property.
- There’s no risk. If we can’t find more than double our fee in deductions for you within the first year, we won’t go ahead.
- Save time and effort. The schedule identifies how much depreciation can be claimed.
- Rest assured. Our in-house accredited tax agents are property tax experts who can enhance the return on your investment. After all, we’ve been doing this longer than any other Australian provider.
Let’s Talk. Contact us on 1300 730 382 now before you lodge your tax return and maximise your property investment returns today.
Kath Hemphill khemphill@napierblakeley.com
