Can I claim construction costs as a Capital Works depreciation deduction for Airbnb?

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 · Accepted Answer

TeddyATO · Answer

From your example there is a good chance you will be able to claim a capital works deduction (https://www.ato.gov.au/Forms/Rental-properties-2023/?page=4#Capitalworksdeductions) however you will need to see if you meet the eligibility requirements. You will only be able to claim each year for the period your property is rented or genuinely available for rent. Also you may be claim depreciation on assets (https://www.ato.gov.au/forms/Guide-to-depreciating-assets-2023/), however you will need to make sure they are a depreciating item and not fall into the second hand or capital nature.

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