Can You Claim Air Conditioning Installation as a Tax Deduction?

Quick Answer

Yes, you can claim the installation of an air conditioning unit as a tax deduction under Division 40 (plant and equipment) of ITAA 1997. However, the deduction is not immediate; it is claimed over the effective life of the asset. For new properties, this can provide significant tax benefits, while restrictions apply to second-hand properties purchased after 9 May 2017.