Yes, and this is often a "hidden win" for long-term investors. The structural component of an investment property (Division 43) has an effective life of 40 years, meaning deductions can be claimed on any property built post-September 1987.
If you haven’t been claiming, you haven’t necessarily lost out on those savings forever. Our local specialists understand the specific nuances of tax depreciation Canberra property owners face, particularly when it comes to "catching up" on missed deductions. Your accountant can generally use our report to retrospectively amend your tax returns for the previous two financial years.
It is a completely legitimate process, and one the ATO actually encourages, to ensure your tax records are accurate. For many of our clients, this results in a significant, immediate boost to their cash flow that they weren't even aware they were entitled to.