Frequently Asked Questions

What is division 43?

Division 43 (Capital works deductions) refers to the depreciation of the structure of the building, usually objects that are irremovable. Capital Works may also be known as Building Write-Off or Capital Works Allowance. Residential properties built after the 15th of September 1987 are eligible to claim capital works deductions over a 40-year period which will be depreciated as a straight line at 2.5% per annum. When construction costs are unknown, a qualified specialist, such as a Quantity Surveyor, will be responsible for estimating the building.

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