All Topics / Legal & Accounting / Building and Pest Inspections tax deductible ??

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  • Profile photo of LancehaterLancehater
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    @lancehater
    Join Date: 2008
    Post Count: 19
    August 6, 2010 - 3:47 am

    Are Building and Pest Inspections Reports tax deductible against income??

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 7, 2010 - 10:01 am

    I dont think so. capital costs – off any future CG

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Dan42Dan42
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    @dan42
    Join Date: 2008
    Post Count: 619
    August 8, 2010 - 11:25 pm

    Hi Kylie,

    If you are talking about the inspections done before buying, then theses are capital costs and not deductible against income. They are added to the cost ofthe property when you sell.

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