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    Stamp duty as a tax deduction in the ACT - but purchased off the plan

    Well, I've decided to send in to the ATO for a private ruling. That's after spending many hours searching the ATO website for existing rulings and guidance, with nothing being particularly clear about it.
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    Stamp duty as a tax deduction in the ACT - but purchased off the plan

    What about other expenses? For example, council rates? And to play devil's advocate - in this scenario - what happens if you are building a place you intend to rent out and therefore claim the interest on the mortgage. Then, 2 years down the track, you've finally completed the house and...
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    Stamp duty as a tax deduction in the ACT - but purchased off the plan

    I am struggling to find information on this online, and the ATO aren't being particularly helpful. I'm sure someone else has come up against this so figured I would ask. I have purchased a unit off the plan in Canberra. Purchased in 2008, stamp duty paid in June 2009. However, the unit is...
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