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Commercial Property · Koste Knowledge Base

Can You Claim Depreciation on Strata Commercial Property?

Quick Answer

Yes, you can claim depreciation on strata commercial properties in Australia. Under **Division 40** of the ITAA 1997, plant and equipment assets can be depreciated, while **Division 43** allows for capital works deductions. Consult a Quantity Surveyor to maximise your depreciation claims.

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