Can I Claim Depreciation on a Strata Property?

Quick Answer

Yes, you can claim depreciation on a strata property. Under **Division 40** and **Division 43** of the ITAA 1997, you can depreciate plant and equipment and capital works. Specific rules apply, especially for properties acquired after 9 May 2017. Consult a Chartered Quantity Surveyor to maximise your deductions.