Tax Depreciation Basics
Fundamentals of Division 40 and Division 43 tax depreciation.
7 expert articles in this category, written by Koste's Chartered Quantity Surveyors.
Can I claim depreciation if property is owned by a trust?
Yes — a trust that owns investment property can claim Division 43 capital works and Division 40 plant and equipment depreciation, with deduc…
Can I claim capital works on a property built before 1987?
No — Division 43 capital works deductions are only available for residential buildings where construction commenced after 17 July 1985, and …
What is the difference between Division 40 and Division 43?
Division 40 generally covers plant and equipment assets, while Division 43 covers building structure and capital works. The difference matte…
What is Division 40 depreciation?
Division 40 depreciation generally relates to plant and equipment assets that decline in value over time. In property, this can include appl…
Can I claim both plant and equipment and capital works?
Yes, where eligible, a property may have both plant and equipment deductions and capital works deductions. The claim depends on the property…
Can a quantity surveyor estimate construction costs for Division 43?
Yes, where actual construction costs are not available, a qualified quantity surveyor may estimate eligible construction costs for Division …
What is Division 43 capital works?
Division 43 capital works generally relates to eligible building structure and construction costs. This can include the building, extensions…
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