Can You Claim a Retail Tenancy Fit-Out as a Tax Deduction?

Quick Answer

Yes, you can claim a retail tenancy fit-out as a tax deduction in Australia. Deductions are available under Division 40 for plant and equipment and Division 43 for capital works. It's essential to distinguish between these categories to maximise your tax benefits. A Chartered Quantity Surveyor can assist in preparing an accurate depreciation schedule.