I sold a rental property in the 2023 year and paid capital gains tax. Now I have received a Duty Reassessment Notice for $8K from QLD govt in October 2023 so for the 2024 year. Can i amend the 2023 tax year to include this deduction for the CGT or can i include it in the 2024 tax as an investment expense?
If it's a stamp duty reassessment then it's not an expense that can be claimed off income, so you can't claim in 2024 as an investment expense. The only way of claiming is through the CGT calculation. With CGT calculations you are generally not able to claim costs that you incurred after the sale date so I am not sure whether you would be able to add this $8k to your cost base. Some professional tax advice is necessary.
If it's a stamp duty reassessment then it's not an expense that can be claimed off income, so you can't claim in 2024 as an investment expense. The only way of claiming is through the CGT calculation. With CGT calculations you are generally not able to claim costs that you incurred after the sale date so I am not sure whether you would be able to add this $8k to your cost base. Some professional tax advice is necessary.
21 May 2026 · 4 min read time
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