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Thanks Paul, So all costs are capital costs until it is leased? What about the cost of obtaining insurance on the property when the contract is signed? Will that be deductible in the year paid or will it be CG?

Hi Guys, We recently settled on an investment property. The contract was signed in the previous financial year (2012/2013). Are any of the costs incurred in the previous financial towards attaining the investment property tax deductible for the previous financial year? What about costs...