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16 Apr 2024

I am selling my investment property, I have been using the division 43 depreciation claim for the past 4 years. If I sell my property do I have to pay this back to the ATO.

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Taxduck(Taxicorn)Taxicorn
16 Apr 2024

Not exactly. Any construction costs that have been claimed off income (rent) are excluded from the cost base. (the expense has already been claimed off income).

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Most helpful reply

Taxduck(Taxicorn)Taxicorn
16 Apr 2024

Not exactly. Any construction costs that have been claimed off income (rent) are excluded from the cost base. (the expense has already been claimed off income).

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Do I have to pay the tax back made from Div 43 depreciation after selling my property | ATO Community