Can You Lease Your Business Premises to Yourself and Claim Depreciation?

Quick Answer

Yes, you can lease your business premises to yourself and claim depreciation, but it must be structured correctly. Ensure the lease agreement is at market rates and the property is used for business purposes. Under Division 40, you can claim depreciation on plant and equipment, while Division 43 allows for capital works deductions. Always consult an accountant for specifics.