Can You Claim Office Renovations as a Tax Deduction?

Quick Answer

Yes, you can claim office renovations as a tax deduction, but the process depends on whether the costs fall under Division 43 (capital works) or Division 40 (plant and equipment) of the ITAA 1997. Generally, structural improvements qualify under Division 43 and are depreciated over 40 years, while plant and equipment have different effective lives.