Do you own a commercial property

Tips on how to claim maximum depreciation deductions.

Owners of commercial property can claim significant depreciation deductions each financial year. This decline in value tax deduction is split into two components for the purpose of claiming:

Capital works deductions
Plant and equipment

The ATO advises that the owner of any commercial property in which construction commenced after 20th July 1982 is eligible to claim capital works deductions. However if your property was built before this date there may still be deductions available to claim.

For some typical deductions found for a range of commercial properties – click here:

Content for the above blog by BMT Tax Depreciation - https://www.bmtqs.com.au/commercial/owners

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