Tax Depreciation Basics · Koste Knowledge Base
Can I claim both plant and equipment and capital works?
Quick Answer
Yes, where eligible, a property may have both plant and equipment deductions and capital works deductions. The claim depends on the property type, acquisition date, asset history and whether the property is used to produce income.
plant and equipmentcapital worksDivision 40Division 43
Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai