Commercial Property · Koste Knowledge Base
How Does Depreciation Work for Shopping Centre Owners?
Quick Answer
Depreciation for shopping centre owners involves claiming deductions for the decline in value of both plant and equipment (Division 40) and capital works (Division 43). This can significantly reduce taxable income. Consulting a Chartered Quantity Surveyor ensures accurate assessments and maximised 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