What is the Depreciation Rate for Commercial Buildings?

Quick Answer

In Australia, the depreciation rate for commercial buildings is generally 2.5% per annum under **Division 43 of the ITAA 1997**. This rate applies to capital works deductions, which cover the structural elements of a building. However, this can vary based on the construction date and building type. Consulting a Chartered Quantity Surveyor is recommended for accurate assessments.