So reading this forum has provided me with lots of knowledge and opens up more question in my mind. Can the experts please clarify if these are correct? Purchase cost: (Claimable when selling the property) Stamp Duty GST Legal Fees Dispersments Building Inspections Registration of Title Borrowing Costs: (Claimable in non-cash deductions in 5 years spread) Mortgage Stamp Duty Mortgage Insurance Stamp Duty on Mortgage Insurance Loan Application Fee Valuation fee Search Fees Registration of Mortgage Where does the cost of getting depreciation schedule sit? is it in property expenses or purchase cost?
Neither, in terms of the categories that you're talking about above. It's an expense incurred in managing your tax affairs and, as such, is claimable in the same way your accountant fees are. It is claimable in whichever financial year it's paid for.
