Deducting statutory government search fees

Discussion in 'Property Management' started by Cat0034, 26th Jun, 2020.

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  1. Cat0034

    Cat0034 New Member

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    Hi,

    I was wondering whether the statutory government search fees are an instant tax deduction when buying a rental property?

    These fees were charged via a conveyancer.

    Thanks :)
     
    Cat0034, 26th Jun, 2020
    #1
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    no
     
    Terry_w, 26th Jun, 2020
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  3. Ted Varrick

    Ted Varrick Well-Known Member

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    That seems somewhat negative, but sounds reasonable.
     
    Ted Varrick, 26th Jun, 2020
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  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    these would be capital costs - might reduce CGT eventually.
     
    Terry_w, 26th Jun, 2020
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  5. datto

    datto Well-Known Member

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    I would have thought a hundred bucks of search fees was an instant write off. I must be losing my expertise.
     
    datto, 26th Jun, 2020
    #5