Stamp duty on IP's owned by a company

Is stamp duty on residential IP's that are owned by a company or trust tax deductible in any state?

AFAIK not immediately tax deductible but they do get added to the cost base. It will NOT be a state based question. The issue of tax deductibility rests with the ATO and the Feds.
 
ACT. Property is all leased from the Crown, the stamp duty on IPs there is deductible as it relates to a tarnsfer of a lease
 
ACT. Property is all leased from the Crown, the stamp duty on IPs there is deductible as it relates to a tarnsfer of a lease

Yes, of course. I'm glad I said not a "state based" issue and not a "state & territories based" issue.

ACT is all on a 99 year lease is it not?
 
Top