Tax treatment of marketing cost associated with auction if does not sell and taken off market

Discussion in 'Accounting & Tax' started by kaibo, 31st Mar, 2019.

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  1. kaibo

    kaibo Well-Known Member

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    I assume it is added on the to cost base for whenever it actually sells (In a few years when it is put back on the market). I am talking about the marketing, staging etc.
     
    kaibo, 31st Mar, 2019
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  2. Terry_w

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

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    not deductible and not capital costs likely.
    In the past week or so I posted a PBR where relating to this question and that was the ATO's position
     
    Terry_w, 31st Mar, 2019
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