Renovation depreciation

Renovations — yours or a previous owner's — hide thousands in deductions that most investors never claim. A quantity surveyor finds them.

Renovations

Old works and new works both count

Renovations are one of the biggest sources of missed deductions. Whether the work was done by you or a previous owner, both the existing structure and your new additions can generate significant claims.

Even work you can't cost — like a kitchen or bathroom updated by a prior owner — can be estimated by a qualified quantity surveyor and added to your schedule as capital works.

Renovated investment property interior eligible for depreciation
Common questions

Renovation depreciation deductions

Can I claim depreciation on renovations a previous owner did?

Yes. Renovations completed by anyone — including a previous owner — can be depreciated as capital works, even when you don't know what they cost. As qualified quantity surveyors, we're one of the few professionals the ATO recognises to estimate those costs.

Does renovating increase my deductions?

Usually, yes. New structural work adds to your capital works claim, and every new fixture or appliance you install is fully depreciable plant & equipment — so an updated schedule after a renovation often lifts your deductions significantly.

Should I update my schedule after I renovate?

Yes. A schedule prepared after your renovation captures both the original property and your new works, so your deductions are complete and up to date.

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