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  1. Paul@PFI

    LMI deductible for scenario ??

    Whhaaaaa.... 1. Buyers agent NEVER deductible. Ever. 2. Buyers agent a CGT cost IF it is incurred specific to a property. Prepaid before contract as a form of fishing trip isn't a CGT cost just as personal travel to shop for a new IP isnt a CGT cost either. If its a BA fee paid before you...
  2. Paul@PFI

    LMI deductible for scenario ??

    No issues...Always best if the new loan is a sub account so its not blended in with other borrowings. Contract date is CGT date. Contract must come before expense or it may be preliminary. ie too early. Paying a BA now for a future service isn't likely a CGT costbase element. Maybe.
  3. Paul@PFI

    LMI deductible for scenario ??

    Buyers agent fees aren't deductible... If its a capital expense for the IP acquired then it adds to the cost base and the interest is deductible. The key issue would be a completed contract. If the BA fee is prepaid prior to a contract to purchase (ie its paid in advance) I don't see the...
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