Can I Claim a Swimming Pool Construction on My Investment Property?

Quick Answer

Investors can claim the construction cost of a swimming pool as capital works under **Division 43 of ITAA 1997**. This allows deductions at a rate of 2.5% per annum over 40 years. However, the pool must be part of an income-producing property, and specific rules apply. Consult a Chartered Quantity Surveyor for accurate assessments.