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Busyladybird(Enthusiast)Enthusiast
2 Oct 2023

Dear ATO Community,


Thank you for your help in advance!

In my investment property settlement there are these expenses:


1). PEXA Fees $123.97


2). Lodgement Fees by my Lender Bank $1583.40 where in details it states:

Registration of transfer of Land $1469 and

Registration of Mortgage $114.40


3). Government Search Fees $17.55


Are these considered as borrowing expenses I can deduct over 5 years?


Are these deductible in 2022-2023 financial year when renovating the investment property getting ready for rent (so not available for rent but 100% intended as rental property)?


Thank you so much!


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4,214 views
4 replies

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Bruce4Tax(Taxicorn)Taxicorn
3 Oct 2023

Are these considered as borrowing expenses I can deduct over 5 years?


Only $ 114.40 = BX - the rest is CGT cost base


https://www.ato.gov.au/uploadedFiles/Content/IND/Downloads/TaxTimeToolkit_Rental-borrowing-expenses.pdf


Search fees - only if charged by lender.



Busyladybird(Enthusiast)Enthusiast
3 Oct 2023

Thanks so much Bruce4Tax for taking the time to answer my query!


So may I claim this $114.40 Borrowing Expenses before property rented out in 2022-2023 Tax return spreading over 5 years or only after it is rented out in 2023-2024 Tax return?@Bruce4Tax


Thanks again!

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Investment Property Borrowing Expenses | ATO Community