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
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