Hi Guys,
We recently settled on an investment property. The contract was signed in the previous financial year (2012/2013). Are any of the costs incurred in the previous financial towards attaining the investment property tax deductible for the previous financial year?
What about costs such as self education regarding property investing and research tools, are they deductible for last financial year as the contract was signed and entered then, but property settled this financial year?
Thanks.
We recently settled on an investment property. The contract was signed in the previous financial year (2012/2013). Are any of the costs incurred in the previous financial towards attaining the investment property tax deductible for the previous financial year?
What about costs such as self education regarding property investing and research tools, are they deductible for last financial year as the contract was signed and entered then, but property settled this financial year?
Thanks.