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Commercial Property · Koste Knowledge Base

Can You Claim Depreciation on an Industrial Property?

Quick Answer

Yes, you can claim depreciation on industrial properties in Australia. Depreciation deductions are available for both plant and equipment under **Division 40 of ITAA 1997** and capital works under **Division 43**. Consult a Chartered Quantity Surveyor to maximise your deductions.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai