What Happens to Depreciation Claims If I Move into My Investment Property?

Quick Answer

When you move into your investment property, you can no longer claim depreciation on plant and equipment under **Division 40 of ITAA 1997**, as it becomes your primary residence. However, prior claims on capital works under **Division 43** remain valid for the time it was rented. Consult with a Chartered Quantity Surveyor to optimise your tax position.