Yes. The ATO allows you to claim deductions on eligible structural renovations, even if they were completed by a previous owner. These can include improvements such as new kitchens, bathrooms, extensions, or major upgrades to the building’s structure.
You may also be able to claim on additional assets, such as a furniture package provided by the seller. These previously purchased furnishings are treated as depreciating assets, and your depreciation schedule will show a clear, detailed breakdown of the deductions available.
In some cases, an additional cost may apply if specialised inspections or extra work is required, but this is confirmed before your schedule is finalised.