All Topics / Legal & Accounting / deductable expenses when not proceeding with purchase

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  • Profile photo of donxxxdonxxx
    Participant
    @donxxx
    Join Date: 2007
    Post Count: 9
    July 29, 2019 - 5:57 pm

    Hi,
    Can anyone tell me if they know about claiming purchase cost deductions (like pest inspection) in a situation where you subsequently decide to not proceed with the purchase? I’ve been told you can only claim the cost if you proceed with the purchase. Where property investment is a persons primary source of income, this doesn’t sound right.
    Cheers,
    Don

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 29, 2019 - 7:27 pm

    Not deductible

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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