Napier & Blakeley this month are proud to launch NBtax, a breakthrough online property tax depreciation service to help property investors maximise their returns.
Louise Hegarty talks with Chris Page, Napier & Blakeley’s National Manager of New Projects about the revolutionary product that just had to happen.
“Over 70% of property owner’s under-claim their property tax depreciation allowances and many don't even claim them at all,” says Chris. “It's a property investor's secret weapon for better cash flow yet sadly is widely misunderstood. So we've created a simple solution that will help maximise a property investor’s return while making the whole process easier.”
Called NBtax, the online request service uses current technology to access Napier & Blakeley's specialist property tax depreciation consultants. “NBtax means investment property owners can start the process quickly and easily without the need to spend too much time going to and fro. Once you submit the required information, our expert teams of Quantity Surveyors get on with tailoring your property tax depreciation schedule, setting you up for the depreciable life of your investment.”
With decades of property tax depreciation experience, Napier & Blakeley are ideally positioned to provide specialist services, helping investors maximise their depreciation claims while being ATO compliant.
Property tax depreciation is calculated on two different aspects of your asset; Depreciating Assets and Building Allowances. Depreciating Assets include plant and equipment, things like carpets, lifts, appliances and white goods. Building Allowances are primarily based on the building and structure of your asset. “And according to ATO rulings, Building Allowances can only be calculated by a suitably qualified professional. Our Quantity Surveyors are registered tax agents, with access to constantly updated construction cost databases – so we can provide accurate, compliant schedules.”
“We, Napier & Blakeley, were the first in Australia to provide professional, specialised property tax depreciation advice, and thirty years later we’re still the market leaders. A professional property tax depreciation schedule can boost your cash flow potentially by tens of thousands of dollars over the life of your investment, so it's not something you skimp on.”
Yet that's where many property owners stumble, says Chris. “A simple lack of knowledge and the specialist nature of depreciation means investors under-claim and at times even avoid the process often missing out on thousands. Unfortunately many investors rely on their financial advisors or generic advisors who really cannot dissect a property and its component parts and, they may not maximise the potential benefits.”
And no property is too old or small to benefit from a professionally prepared deprecation schedule, Chris adds. “Commercial, residential or industrial, brand new, renovated or just old, every investment property has the potential to further increase your cash-flow. There's money sitting there waiting to be claimed. It's just a matter of taking the first step in the right direction, and that's where NBtax comes in.”
Combining the latest in digital innovation with years of specialist experience, it's the best of both worlds – and makes life easier for investors in a time poor world.
“NBtax combines cloud-based data management with our specialist experience. With an NBtax property depreciation schedule for your investment you’re able to relax and know that we’ve got your back. Our Quantity Surveyors are the most experienced in the industry and their objective is to produce a maximised property tax depreciation schedule tailored to your investment. It's a wise move, an easy process. More cash and peace of mind – the best of both worlds with NBtax.”
To find out more about NBtax go www.nbtax.com.au
Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.
Do you have more than $120k in your super fund? You could use your super to buy property - Find out how