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Thanks guys for the reply I guess it's no point in settling just before tax time. If you don't claim now then you miss out it wouldn't be too much..

thanks for the reply. So would there be other tax benefits of having the settlement date at 25/6/15? Is it possible to claim the full amount of buyers agent fee of $15,000? Or is this only claimed when selling the property?

Hi guys, I just recently purchased a property and the settlement date is on 14/7/15. Would it be better to have the settlement date before end of financial year (30/6/15)? Would there be any tax benefits if say the settlement date was moved to 25/6/15??? Would appreciate your advice...