Can I claim depreciation on items in common areas of a Strata Complex?

Yes, you are entitled to claim depreciation on common area assets, with allowances apportioned based on your unit entitlement. In addition to inspecting your individual unit, a full assessment of the strata complex’s common areas will be conducted. Depreciable items in shared spaces may include, but are not limited to, smoke detection and alarm systems, fire hose reels, fire extinguishers, car parking facilities, hydrant pumps, pool and spa equipment, as well as gym fit-outs and equipment.