Hi Tax Gurus,
My understanding is cost associated with purchasing an investment property can be tax deducted, BUT what if the contract fall through at the end?
Situation:
Put a property under contract, paid solicitors to do the searches and building inspection, later pull out due to unsatisfactory building inspection. Could I then deduct my solicitor fees and inspection cost?
My understanding is cost associated with purchasing an investment property can be tax deducted, BUT what if the contract fall through at the end?
Situation:
Put a property under contract, paid solicitors to do the searches and building inspection, later pull out due to unsatisfactory building inspection. Could I then deduct my solicitor fees and inspection cost?