Can I Claim Retaining Wall Construction Costs?

Quick Answer

Yes, you can claim retaining wall construction costs as part of capital works deductions under **Division 43 of ITAA 1997**, provided the wall is an integral part of the property's structure. Costs are typically depreciated over 40 years at 2.5% annually. Consult with a Chartered Quantity Surveyor to ensure compliance and maximise your deductions.