Can I Claim New Flooring as a Tax Deduction?

Quick Answer

Yes, you can claim new flooring as a tax deduction under specific circumstances. If the flooring is part of a renovation or repair, it may fall under Division 43 for capital works deductions. However, if it's considered a replacement of plant and equipment, it might qualify under Division 40. Consult with a Chartered Quantity Surveyor to ensure correct classification.