buyers agent registration fee deductible?

[omni]

I engaged a buyers agent last tax year and was going to make a purchase, but circumstances changed and I decided not to pursue a purchase this time around. There was a registration fee I paid that doesn't seem to fit anywhere.

I don't think it is tax deductible because no income was derived from it, and ordinarily if a purchase was made it should form part of the cost base of a property. Given that I didn't make a purchase this time around, what should/can i do with this expense?

At the mean time I am tending towards doing nothing because I can't find where it should go. But happy to be proven wrong

 

[Terry_w]

Buyers agent fees are generally not deductible until the property is sold. In your case there is no property so I would say it would unlikely be deductible at all.

 

[Propertunity]

Asked and answered on this post from a few years back: http://somersoft.com/forums/showthread.php?t=60200

 

[omni]

Thanks for the replies!