Commercial Property · Koste Knowledge Base
Can I Claim Depreciation on a Serviced Office?
Quick Answer
Yes, you can claim depreciation on a serviced office in Australia, but only on eligible plant and equipment assets and capital works you own. Under **Division 40** of the ITAA 1997, you can depreciate assets like furniture and equipment you provide, while **Division 43** may apply to certain improvements. Consult a QS for precise assessments.
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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai