Interest on stamp duty?

From: Albena B


Can someone help me? I am trying to find out if I can deduct the interest on stamp duty, in case I have borrowed money to pay it.
Has anyone had similar experience. This is my firs IP and I am still learning, so any help will be appreciated.
 
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Reply: 1
From: Manny B


Hi Albena,

as the loan is to fund your stamp duty (for your IP), then it should be tax deductible...

Cheers,

Manny.
 
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Reply: 2
From: Dale Gatherum-Goss


Hi

It is definitely tax deductible

Dale
 
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