How Much Can You Claim in the First Year of Owning an Investment Property?

Quick Answer

In the first year of owning an investment property, you can claim depreciation under Division 40 for plant and equipment, and Division 43 for capital works, if eligible. For properties acquired after 9 May 2017, Division 40 claims on second-hand plant and equipment are restricted. Consult a Chartered Quantity Surveyor for precise calculations.