How to Determine Property Depreciation Schedule Eligibility

Quick Answer

To determine if your property qualifies for a full depreciation schedule, consider the construction date, type of property, and your ownership status. Properties built after 16 September 1987 generally qualify for Division 43 deductions. For plant and equipment under Division 40, eligibility depends on acquisition date and property type. Consult a Chartered Quantity Surveyor for precise evaluation.