All Topics / General Property / Can I claim back the expenses involved in purchasing an IP?

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  • Profile photo of KsanaKsana
    Member
    @ksana
    Join Date: 2009
    Post Count: 3
    September 30, 2009 - 1:41 am

    Hi everyone,

    Just bought my second IP. Can I claim back bank fees, conveyancing fees, etc? (obviously not stamp duty!)
    I know I should probably just talk to my accountant, but I'm too lazy.

    Cheers,
    Ksana

    Profile photo of WJ HookerWJ Hooker
    Participant
    @wj-hooker
    Join Date: 2007
    Post Count: 272
    September 30, 2009 - 3:20 am

    Ksana
                You can claim to borrowing cost over 5 years eg bank fees
    But you have to claim your stamp duty and conveyancing fees when you sell.

    But then again I'm too lazy to talk about it…..

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