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gpiya(I'm new)I'm new
7 Aug 2024

Hi there,

Could you please assist me in determining which expenses are CGT-deductible, annually deductible, or deductible over 5 years for a recently purchased investment property?


Expenses During the Purchase of Property A


  • Conveyancer Fee (for preparation of statements, obtaining search information, statements, settlement, etc.):
  • LSSA Fee - Transfer Registration Fee:
  • LSSA Fee - Registration of Mortgage:
  • PEXA Fee - Transfer Title:
  • Title Search Fee (for property from which equity was taken):
  • Registration of Mortgage (for property from which equity was taken):
  • Registration of Discharge of Mortgage (for property from which equity was taken):
  • Title Search Fee (investment property):
  • Registration of Mortgage (investment property):
  • Registration of Discharge of Mortgage (investment property):


Expenses During the Purchase of Property B


  • Charged by Conveyancer - Transfer & Duty:
  • Charged by Conveyancer - Conveyancer Fee:
  • Charged by Bank - Registration Fee:
  • Charged by Bank - Telegraphic Transfer (TT) Fee:
  • Charged by Bank - Establishment Fee:
  • Charged by Bank - Documentation Fee:
  • Charged by Bank - Cheque Fee:
  • Property Valuation Fee (charged by lender):
  • Pre-Purchase Inspection:
  • PEXA ID Verification for Settlement:

Thank you for your help!

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1,260 views
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Taxduck(Taxicorn)Taxicorn
7 Aug 2024

Any costs to purchase property are included in the cost base - element 2 for CGT event. Conveyancing, title fees, purchase inspections. See below link.

Cost base of assets | Australian Taxation Office (ato.gov.au)

Any expenses incurred in borrowing money is a deductible expense - borrowing costs, bank fees. See below link

Rental expenses you claim over several years | Australian Taxation Office (ato.gov.au)

Discharge of mortgage only deductible if it relates to a loan on an income producing property.

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Most helpful reply

Taxduck(Taxicorn)Taxicorn
7 Aug 2024

Any costs to purchase property are included in the cost base - element 2 for CGT event. Conveyancing, title fees, purchase inspections. See below link.

Cost base of assets | Australian Taxation Office (ato.gov.au)

Any expenses incurred in borrowing money is a deductible expense - borrowing costs, bank fees. See below link

Rental expenses you claim over several years | Australian Taxation Office (ato.gov.au)

Discharge of mortgage only deductible if it relates to a loan on an income producing property.

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Which Expenses Are CGT, Annual Tax Deductible, or 5-Year Deductible for a Recent Investment Property | ATO Community