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That sounds right, had a mental blank for a minute.

Really? So if I pay $30k in stamp duty and sell the IP 2 years later I'll get all of the $30k back?

Thanks Terry, do you know roughly how much of the stamp duty you would be able to claim?

Tried searching the answer but no luck. Say I purchase an ip, renovate it and sell it at a profit. Would I be able to claim stamp duty and other buying costs when the time comes calculating CGT? I understand renovation costs can be claimed but not sure on the others. Thanks Hodge