Is the entire amount of the stamp duty paid for investment property within the ACT tax deductible in the financial year of purchase?
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ACT is an exception because properties are all leasehold.
stamp duty you incur when you acquire a leasehold interest in property such as an Australian Capital Territory 99-year crown lease (but you may be able to claim this as a lease document expense)
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There is still the issue of whether the property is immediately available for rent.
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Hi @Maydecember,
Looks like Bruce is right! We've updated our response to reflect accurate information (23/8/2023).
Stamp duty in this case is a lease document expense that can be claimed if eligible.
ACT is an exception because properties are all leasehold.
stamp duty you incur when you acquire a leasehold interest in property such as an Australian Capital Territory 99-year crown lease (but you may be able to claim this as a lease document expense)
From:
There is still the issue of whether the property is immediately available for rent.
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