Expenses incurred relating to a house and land package during the building phase of building.

(Newbie)Newbie

4 Nov 2025

Purchased a house and land package (turnkey) with the intention of renting out the property once the house has been completed. I understand that interest expenses on the loan taken out to purchase the house and land package are deductible during the build phase of the house. Are other expenses such as council rates, utilities (water rates, electricity/gas) incurred during the building phase deductible in the year incurred?

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