All Topics / General Property / Buyers Agents

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  • Profile photo of fwcfwc
    Participant
    @fwc
    Join Date: 2006
    Post Count: 8
    March 22, 2007 - 12:53 am

    Hi All

    Just a quick question. Can you claim the fees for buyers agents as a tax deduction?

    Thanks[biggrin]

    Profile photo of Pro-ActivePro-Active
    Member
    @pro-active
    Join Date: 2005
    Post Count: 66
    April 4, 2007 - 9:37 am

    No, unfortunately they're classified as a capital cost by the ATO and are thus added to the cost base when reselling.  There was a recent thread on this very topic on InvestEd and our accountant verfied this.  The only way to claim them otherwise is if the BA also provides a form of rental service.  Just do a search on buyers agents fees and you'll find the specific discussions. 

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