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From: Justin Conaghan
Hello everyone,
I was wondering if anyone might have the time to point out to me,the stages in buying a property. I'm not sure at what stage you actually pay to obtain a building/pest inspection etc. On that note, would building/pest inspection companies be doing multiple reports on the one property for all of the interested parties(and make a packet in the process), or is there some way to obtain a previous report.
I was led to believe that none of these-any costs will be tax deductible until the time i actually start receiving rent from an IP (I don't have one yet). Is this true?
Regards,
Justin.
Hello everyone,
I was wondering if anyone might have the time to point out to me,the stages in buying a property. I'm not sure at what stage you actually pay to obtain a building/pest inspection etc. On that note, would building/pest inspection companies be doing multiple reports on the one property for all of the interested parties(and make a packet in the process), or is there some way to obtain a previous report.
I was led to believe that none of these-any costs will be tax deductible until the time i actually start receiving rent from an IP (I don't have one yet). Is this true?
Regards,
Justin.
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