Can You Claim a New Roof as a Tax Deduction in Australia?

Quick Answer

In Australia, a new roof is generally not immediately tax-deductible as it's considered a capital works expense under Division 43 of the ITAA 1997. Instead, the cost is depreciated over 40 years at 2.5% per annum. Immediate deductions may apply if the roof repair is part of maintenance, not improvement. Consult your accountant for specifics.