Renovating · Koste Knowledge Base

Can I write off assets removed during renovation?

Published 26 June 2026 · Last updated 26 June 2026

Quick Answer

You may be able to write off the remaining value of eligible assets removed during a renovation. This depends on the asset type, depreciation history, evidence available and your accountant's review.

When renovating, investors often remove assets that still have value.

Examples:

Carpet
Blinds
Appliances
Kitchen fittings
Bathroom fittings
Air conditioning
Hot water systems
Commercial partitions
Office fit-out
Hospitality equipment

If these assets had remaining written-down value, they may be reviewed for scrapping or balancing adjustment treatment.

The best process:

Review the property before renovation.

Photograph existing assets.

Prepare or update depreciation schedule.

Record what is removed.

Keep demolition and replacement invoices.

Give records to accountant.

Frequently Asked Questions

Can I write off an old kitchen?

Possibly, depending on the asset values and tax treatment.

Do I need a pre-renovation inspection?

It is strongly recommended.

Can commercial fit-out be scrapped?

Yes, where eligible and properly documented.

What if I already renovated?

Photos, invoices and old listings may still help.

Can Koste.ai assist?

Yes. Koste.ai can help collect evidence and request a review.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai