stamp duty incurred to acquire a leasehold investment property in the ACT

 Author: BlakeATO(Community Support)Community Support

12 Apr 2021

Hi @AlaYain

You will claim the expense at the time you incur the expense. This means at the time you become liable for the stamp duty, that is the year you claim the deduction for that amount.

Stamp duty for leasehold makes up part of lease document expenses, which are a rental expense you claim now (not over several years). This means you must claim the expense wholly in the year it happens.

Remember that if the property is not rented, or not genuinely available for rent, when this expense happens it will instead go into the cost base.

You can read about this in rental expenses on our website.