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If I was to inspect a property interstate prior to purchase, does the cost of flight etc count as a capital cost or a revenue cost? i.e. do I get to claim the cost this financial year or does it come off the purchase price for capital gains purposes when I sell?
I believe that it is a capital cost, unless you are ‘in the business’ of property investing.
Cheers
Mel
Viewing 2 posts - 1 through 2 (of 2 total)
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