Hi I have a friend who bought into the Melrose Park (near Meadowbank) off the plan apartments..she is unable to get a bank loan and is planning to "hand it back to the developer". She will have to forfeit the deposit ..i think around 60K? Question: is this loss tax deductible? She also mentioned she paid the stamp duty? I thought you only paid the stamp duty when the title transfers? Is this refundable or tax deductible? thanks!