Loading
Dean02(Newbie)Newbie
7 Oct 2022

Are buyers agency fees tax deductible if the property i'm purchasing is for investment purposes? 

23,994 views
2 replies
23,994 views
2 replies

Most helpful response

Most helpful reply

JodieR_ATO(Community Support)Community Support
10 Oct 2022

Hi @Dean02,


Expenses you incur prior to the property being rented or genuinely available for rent, are not immediately deductible. The legal costs and agent fees associated to purchasing the home are added to the cost base when you sell or dispose of the property.


You can also check out rental expenses you can claim and elements of the cost base from here.

All replies

Most helpful reply

JodieR_ATO(Community Support)Community Support
10 Oct 2022

Hi @Dean02,


Expenses you incur prior to the property being rented or genuinely available for rent, are not immediately deductible. The legal costs and agent fees associated to purchasing the home are added to the cost base when you sell or dispose of the property.


You can also check out rental expenses you can claim and elements of the cost base from here.

Loading
Are buyers agency fees tax deductible if the property i'm purchasing is for investment purposes? | ATO Community