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Reply: 1.1 From: Jas > I got slightly different advice from my accountant and my lawyer but stamp > duty is tax deductible in the year of purchase, as are most or all legal > costs because you are taking over a lease, you are not buying freehold. > Thanks bob! > My understanding is that...

From: Jas Just reading old posts, and came across this. The answer was never cleared up... so, can you deduct IP purchase costs in the first year in ACT (perhaps because of the whole 99 yr lease)? http://bne003w.server-web.com/~wb013/read?385,30 Jas