Hi All
Wondering if the engagement fee of $1100 (GST inclusive) and commission or percentage fee 2.5% from agency such as:
– Dream Design Do Property (Zak Ameer)
– Metropole Property (Michael Yardley)
– Binvested (Nathan Birch)Is 100% claimable back on tax?
They do all the work for you and if settlement is successful with tenancy, we pay them the 2.5% from the value of the property they have successfully done on our behalf. Example, $400,000 at 2.5% = $13,411 claimable?
Thanking you for your comments….
Zen
-
This topic was modified 9 years ago by
zen.
No its not deductible at all as it is a capital expense (can be used to reduce CGT).
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
^^ what he said. Added to capital base for reduction of future cg like stamp duty.
BuyersAgent | Precium
http://www.precium.com.au
Email Me | Phone MeSouth Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au
Thanks Terryw and BuyersAgent, appreciate your comments. Maybe I need to educate myself in doing things myself through Steve’s steps!
Zen
-
This topic was modified 9 years ago by
You must be logged in to reply to this topic. If you don't have an account, you can register here.
