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Commercial Property · Koste Knowledge Base

What is a Base Building vs Fit-Out for Depreciation?

Quick Answer

In commercial property, a 'base building' refers to the core structure and essential systems like the roof, walls, and plumbing, covered under **Division 43** for depreciation. A 'fit-out' includes interior elements like partitions and finishes, often depreciated under **Division 40**. Understanding these differences is crucial for accurate tax deductions.

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commercial propertydepreciationbase buildingfit-outtax deductionsDivision 40Division 43

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