Hello,
First time poster, long time reader.
To start with, of course I will be speaking to an accountant about this, but thought I would pick some brains here too.
If I am to buy a house in the ACT now and rent it out immediately for, say, a year, is the stamp duty on my purchase still 100% deductible in the first year (as a lease document expense)? I was speaking to someone recently who thinks the law may have recently changed regarding this and it is no longer a 100% first year deduction? Anyone have any ideas?
Thanks, and thanks for all the information over the years - this forum is a very valuable resource!
Cheers,
Damian
First time poster, long time reader.
To start with, of course I will be speaking to an accountant about this, but thought I would pick some brains here too.
If I am to buy a house in the ACT now and rent it out immediately for, say, a year, is the stamp duty on my purchase still 100% deductible in the first year (as a lease document expense)? I was speaking to someone recently who thinks the law may have recently changed regarding this and it is no longer a 100% first year deduction? Anyone have any ideas?
Thanks, and thanks for all the information over the years - this forum is a very valuable resource!
Cheers,
Damian