Originally posted by fredo
Some Clarification please
I am looking to buy an IP
I have to have it valued, along with my PPOR total cost $400 is this a tax deduction
Is the stamp duty deductable
I know tye interest on the mortage is please help
Is my solicitors fes for aqusition deductible
Originally posted by DaleGG
It's been a while since we last chatted, and I hope that you're fit and well.
As the valuation was a part of your investing activities, it is tax deductible - it's just a matter of whether or not it is one claim, or, over a couple of years.
I think it will be over a couple of years because the expense was still incurred as part of you borrowing money.