Can I Claim Depreciation on Garages and Carports?

Quick Answer

Yes, you can claim depreciation on garages and carports as part of your investment property in Australia. These structures typically fall under **Division 43 of ITAA 1997**, covering capital works, and can be depreciated at a rate of 2.5% per year over 40 years. Ensure accurate cost assessments to optimise your tax deductions.