We take great pleasure in announcing that Michael Ross has become a Director of Napier & Blakeley.

Michael joined Napier & Blakeley in September 2021 and leads our National Tax Depreciation and Insurance advisory business.

Michael is a highly regarded advisor and is the first port of call for clients requiring fixed asset registers and tax depreciation advice for construction, property transactions and capital expenditure projects – and reinstatement cost assessments for insurance purposes.

Michael works closely with Napier & Blakeley’s Quantity Surveying, Building Consulting and Sustainability, Climate & ESG teams with the aim of helping property investors to get the best returns from their property.

Please contact Michael for any assistance or advise relating to Fixed Asset Registers, Tax Depreciation or Insurance valuations.

To address the downturn in business activity resulting from the pandemic the Federal Government introduced Temporary Full Expensing (TFE) on depreciating assets in 2020.  This allowed owners to write off the cost of eligible new and secondhand assets.

On 30 June 2023, TFE will end but there are actions you can take.

The important feature of TFE is that the date of construction commencement is not the critical date to determine eligibility (among other tests) – it is the date of completion of a project that determines eligibility.  And ‘completion’ means the asset is ready for use.  This means that if you are having difficulty completing a project by 30 June 2023 and are eligible for TFE, you could consider several options, such as:

• Completing a portion of the project – and have it earning income before the remainder of the property is complete, and
• Bringing forward any expenditure to ensure it meets the deadline.

Established in 1985, Napier & Blakeley was the first organisation to prepare Tax Depreciation schedules in Australia for owners to minimise their cost and risk and maximise their returns.
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If you require assistance with the preparation of your tax depreciation schedules and TFE assessments for your assets ready for tax time, please contact :

Michael Ross
National Head of Tax
m.  0403 841 175
e.   mross@napierblakeley.com     

The event was well supported with over 700 people, 8 spectator boats and 42 yachts participating with approximately over $300,000 raised for homeless young people.

We boarded Eagle Rock at King Street Wharf, which is a beautiful boat adoringly looked after by her crew.  Whilst we did practice drills before the race – all under the professional guidance of our skipper and crew, we enjoyed a luncheon with some drinks.

  Racing commenced at 1:40pm for Division 2 and the crew divided rapidly into those who we could call able-seamen and those who were more relaxed onlookers.

Our highly experienced crew were very thorough in their safety briefing and we set off full of confidence, that we would place well.  All we needed was our share of luck and some light to medium winds.  The winds were NOT light to medium.  The arduous journey to the heads and back took it’s toll on those of us at the front of boat, switching perilously across the bow as we tacked into the wind, losing two hats in the process into the angry sea.

The course for class 3 was a start off Point Piper which our experienced crew timed to perfection.  After a little while it was clear that the extensive supplies on board were slowing the vessel down so many members of the crew were re-allocated to disposing of the food and drink by whatever means necessary as we progressed up the harbour to Lady Bay, round Shark and Clark Islands, back to Nielsen Park then to the finish in Rushcutters Bay.

At some point along this route the race finished well ahead of us… leaving us to place 10th.  Two hours and 1 minute of great fun.

The after party at the Cruising Yacht Club of Australia is a great opportunity to connect with others in the race that include many of our clients both property and development, and to plan how to get over the line 1st next year !

Our thanks go to the crew of the Eagle Rock for an enjoyable, safe day on the harbour.

The N&B crew comprised of:

• Michael Ross, Stephen Cooke, Nic Mules – NB
• Joe Luca Donato – AXA Investment Managers
• Sarah Dempsey & Nick Gaston – Centuria
• Andrew Hatzids & Don Shipway – Busways
• Henry Davidson – LaSalle

Napier & 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, whilst also 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 well supported with over 700 people and 40 yachts participating with approximately $250,000 raised for homeless young people.

We boarded Eve, a Swan 65 ketch, which won last years Regatta.at King Street Wharf.     Whilst we did practice drills before the race – all under the professional guidance of our skipper and crew, we enjoyed a luncheon with some drinks.

Racing commenced at 1:40pm for class 3.  Unfortunately, a slightly ambitious start saw Eve over the line early, necessitating a return around the end of the line and subsequently starting last on the water.  They do say that if you are not over early now and again you aren’t trying hard enough!  The course for class 3 was a start off Point Piper, up the harbour to Lady Bay, round Shark and Clark Islands, back to Nielsen Park then to the finish in Rushcutters Bay.  The reaching conditions favoured Eve’s long waterline length compared to the rest of her class so with much concentration on trimming and maintaining clear air we managed to work our way back up to second on the water by the finish, resulting in a fifth on handicap.

The after party at the Cruising Yacht Club of Australia is a great opportunity to connect with others in the race that include many of our clients both property and development, and to plan how to get over the line 1st next year !

Our thanks go to the crew of the Eve for an enjoyable, safe day on the harbour and we wish them well in their forthcoming circumnavigation and look forward to seeing Eve again in 2029 when they return.

The N&B crew comprised of:

• Peter Osborn, Michael Ross, Stephen Cooke, Jon Holdsworth & Nic Mules – NB
• Michael Este  – Fife Capital
• Joe Luca Donato – AXA Investment Managers
• Richard Dunham Stacey – AXA Investment Managers
• Lee Johnson – NorthWest Healthcare Properties

Michael was originally with N & B from 2000 to 2002 and since then further developed his career providing depreciation and asset based services, and the associated technology.

As a highly regarded leader and mentor with over 20 years of market experience, Michael has built up a fantastic network of clients and contacts across the Australian property market.  He’s professional, innovative and has a passion for business improvement through technology and consultancy.

“This appointment aligns directly with the ongoing development of our strategic plan, enabling our clients to assess and manage the cost, risk and returns from their property investment decisions through improved efficiencies, integration of services and technology based solutions” said Rob Howells, Napier & Blakeley Managing Director.

As the National Head of Tax Depreciation, Michael will join Napier & Blakeley’s leadership group and will be based in Sydney, and his contact details are below and please contact him for any assistance or advice you require going forward.

Please contact us for any further information:

MELBOURNE
Rob Howells, Managing Director  |  0437 649 082  |  rhowells@napierblakeley.com
Peter Frith, Director  |  0437 649 082  |  pfrith@napierblakeley.com
Craig Smith, Director  |  0407 371 664  |  csmith@napierblakeley.com
Ian Gardner, Associate Director  |  0488 225 569  |  igardner@napierblakeley.com

SYDNEY
Alastair Walker, Director  |  0419 503 289  |  awalker@napierblakeley.com
Peter Hammond, Director  |  0419 980 901  |  phammond@napierblakeley.com
Peter Osborn, Director  |  0439 765 571  |  posborn@napierblakeley.com
Michael Ross, National Head of Tax  |  0403 841 175  |  mross@napierblakeley.com
Stephen Cooke, Associate Director  |  0409 228 552  |  scooke@napierblakeley.com

BRISBANE
Adam Greene, Associate Director  |  0409 724 395  |  agreene@napierblakeley.com
Paul Cosker, Associate Director  |  0434 400 107  |  pcosker@napierblakeley.com
Gavin Peach, Associate Director  |  0412 225 781  |  gpeach@napierblakeley.com
KY Pih, Associate  |  0408 933 660  |  kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director  |  0419 847 998  |  grigby@napierblakeley.com 
Jorden Morris, Quantity Surveyor  |  0457 001 545  |  jmorris@napierblakeley.com