Can You Claim Concrete Work and Driveway Resurfacing?

Quick Answer

Yes, you can claim expenses for concrete work and driveway resurfacing on your investment property as capital works under **Division 43 of ITAA 1997**. These improvements are typically depreciated at a rate of 2.5% per annum over 40 years. However, eligibility and the exact deductions depend on factors such as the construction date and ownership structure.