Can I claim renovations by the previous owner?

The capital works (division 43) renovations completed by previous owners are claimable if they were completed after 27th of February 1992. As for plant & equipment (division 40), these items are only claimable if you purchased the property before the 9th of May 2017. If you purchased after this date, they are considered second-hand and are therefore no longer eligible to be claimed for depreciation.

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