Can I Claim Depreciation on a Licensed Premises (Pub)?

Quick Answer

Yes, you can claim depreciation on a licensed premises, such as a pub, under **Division 40** for plant and equipment and **Division 43** for capital works. This allows you to reduce your taxable income by accounting for the wear and tear on your property and assets. Ensure compliance with recent legislative changes and consult a Chartered QS for accurate assessments.