All Topics / Legal & Accounting / Stamp Duty

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  • Profile photo of mwoodingmwooding
    Member
    @mwooding
    Join Date: 2004
    Post Count: 15
    July 26, 2006 - 11:53 am

    Just an easy question for the accountants out there. Is Stamp Duty tax deductable. My guess is no but I can find anything back it up.

    Martin Wooding
    Quadre Property Group

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 26, 2006 - 12:58 pm

    Yes it is. But not against income tax, only against capital gains on sale. (But I beleive that in Canberra stamp duty can be claimed.)

    Terryw
    Discover Home Loans
    Parramatta
    Terry@discoverhomeloans.com.au
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