Building new shops? Good news — construction costs for new commercial buildings finished after 22 May 2025 may qualify for the 20% Investment Boost deduction. This means a healthy upfront tax break when your property is ready to lease.

Imagine you just bought a second-hand bike. It’s a bit rusty, the tyres are flat, and the brakes don’t work. Before you can ride it to school, you need to fix it up. Now, let’s pretend you’re running a business, and instead of a bike, you bought a big machine, a building, or even a rental house. You spend money fixing it so you can use it for your business. The big question is: Can you claim those repair costs as a tax deduction?