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I'm going to include them in the immediate deduction section, and will let you know how I go after seeing the accountant this Friday (assuming my group certificates arrive in time). Will get back on this one.
Regards,
Skye
I can't see why you wouldn't claim them. These are claimable costs when you already own the property.
Fresh back from the accnt.- disbursments (ie. water, rates, strata, emerg. serv. fund, etc.) at settlement form part of the COST BASE, along with building insp. report, searches and disbursements, regn. of transfer, conveyancing fee, stamp duty and purchase price.
BORROWING COSTS are strictly loan costs ie. loan estab. fees.
I thought the searches and disbursements, registration of transfer along with the loan estab. fees were all part of the borrowing costs...apparently not.
Hope this helps.
Fresh back from the accnt.- disbursments (ie. water, rates, strata, emerg. serv. fund, etc.) at settlement form part of the COST BASE, along with building insp. report, searches and disbursements, regn. of transfer, conveyancing fee, stamp duty and purchase price.
BORROWING COSTS are strictly loan costs ie. loan estab. fees.
Thanks for the input. I've re-read the ATO Rental Property Guide 2007 and I'm sure the accountant is wrong as well. I'll discuss this further when I go to sign the return, and let you know..I'll take the Guide with me!