Hi, I have a rental property and I did not realise I can claim depreciation on the property before therefore I have missed two years' claim. Can I claim catch up depreciation in 2023 year tax return? Or I have to amend 2021 and 2022 income tax returns to include the claim? Thank you.
Hey @LLH,
No, you won't be able to claim catch up. You'll have to amend the 2021- and 2022-year's tax returns as and you generally only have 2 years to do this. The 2 years starts from the day after your notice of assessment was sent to you.
Hey @LLH,
No, you won't be able to claim catch up. You'll have to amend the 2021- and 2022-year's tax returns as and you generally only have 2 years to do this. The 2 years starts from the day after your notice of assessment was sent to you.
What happens if:
I purchased a rental property in 2015, rented it our in 2016 and just got a depreciation report in 2024.
1. I can claim depreciaiton for 2024 and have to amend 2022 & 2023 to be able to claim any depreciation. Is this correct?
2. What hapens to the depreciation from 2016 till 2021, in case the client sells the property, what is the amount of deoreciation I add back ? Is it from 2016 onwards or 2021 onwards?
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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