Property Agents Buyers Fees

Thought might be of interest as have had a few enquiries regarding this one.

Property agents buyers that relate to the acquisition are not deductible. ID 2009/9 confirms this is the case.

Therefore it is a capital cost. ID 2003/361 states that property agents buyers fees do form part of the second element of the cost base.

So not tax deductible but increases the cost base. Think this might have been discussed before but since it seems to be question popping up lately thought it might be worth putting up here.
 
Thought might be of interest as have had a few enquiries regarding this one.

Property agents buyers that relate to the acquisition are not deductible. ID 2009/9 confirms this is the case.

Therefore it is a capital cost. ID 2003/361 states that property agents buyers fees do form part of the second element of the cost base.

So not tax deductible but increases the cost base. Think this might have been discussed before but since it seems to be question popping up lately thought it might be worth putting up here.

Can you confirm if you borrow the funds to pay the buyers agent fee that the interest on this loan is tax deductible?

Regards,

Jason
 
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