Title Insurance

Discussion in 'Accounting & Tax' started by gty12, 29th Jul, 2019.

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  1. gty12

    gty12 Well-Known Member

    Joined:
    29th Jun, 2018
    Posts:
    243
    Location:
    Melbourne
    Hey all,

    Quick query: Just wondering if title insurance (i.e. what you can buy when you purchase a property and it lasts for your entire ownership period) is claimable against capital gains or income? Which one?

    Thank you,
    Gty12
     
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,530
    Location:
    Sydney
    Capital.
     
    gty12 and Terry_w like this.
  3. gty12

    gty12 Well-Known Member

    Joined:
    29th Jun, 2018
    Posts:
    243
    Location:
    Melbourne
    Many thanks Paul.