Renovating · Koste Knowledge Base
How Renovations Affect Your Depreciation Schedule
Quick Answer
Renovations can significantly alter your depreciation schedule by increasing your property's capital works deductions under Division 43, and potentially adding new plant and equipment eligible for Division 40. Post-renovation, it's crucial to update your schedule to reflect these changes accurately.
renovationsdepreciationinvestment-propertyDivision 43Division 40tax-deductionsquantity-surveyor
Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai