All Topics / Legal & Accounting / Can I claim stamp duty / loan establishment costs
Hi all,
I purchsed my first property in 2003 which I lived in for a short period of time to meet FHOG requirements, since mid 2004 the property has been rented out and I am about to submit my first tax return reflecting the rental income/exps etc. My question is- can I claim the stamp duty/ loan costs as the property was originally my PPOR?
Hello
Stamp duty can’t be claimed period. However I believe that since loan establishment costs are claimable over 5 years normally I’m sure you could claim what remains of this. I.e. if you lived in it for, say, 12 months you can claim 80% of the costs over the first 4 years of renting it out.
Cheers
Non deductible
will be add to the cost base of your property and used to calculate your capital gain once you sell the property.
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