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Laurasusan(Enthusiast)Enthusiast
18 Sept 2023

Hi

I understand that stamp duty can be tax deductible for an investment property in ACT, however, I am seeking clarification on whether legal fees or conveyancing fees associated with the title transfer of the property are considered as capital costs or immediate tax deductible? 

5,930 views
2 replies
5,930 views
2 replies

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Bruce4Tax(Taxicorn)Taxicorn
18 Sept 2023

whether legal fees or conveyancing fees associated with the title transfer of the property are considered as capital costs or immediate tax deductible?


No, only stamp duty - and only if property is immediately available for rent.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
18 Sept 2023

whether legal fees or conveyancing fees associated with the title transfer of the property are considered as capital costs or immediate tax deductible?


No, only stamp duty - and only if property is immediately available for rent.


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Legal fees or conveyancing fees for an investment property in ACT tax deductible or capital cost? | ATO Community