All Topics / General Property / Stamp duty claimable?

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  • Profile photo of lopethalopetha
    Participant
    @lopetha
    Join Date: 2007
    Post Count: 82
    June 26, 2007 - 7:03 am

    Hi guys,

    I was doing abit of reading and was wondering if stamp duty on an investment property is claimable? Here is a link which I found which states you can: http://www.propertyinvestorplanning.com.au/gearing.htm but I just want to double check.

    Thanks in advance.

    Regards,
    Zayne.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    June 26, 2007 - 8:28 am

    The Stamp duty payable on the Transfer is added to the Cost Base of the property when you sell it.

    The Stamp duty payable on the Mortgage is deductible as a loan cost over a 5 year period or the term of the loan whichever is the shorter.

    Richard Taylor | Australia's leading private lender

    Profile photo of thinkerthinker
    Member
    @thinker
    Join Date: 2005
    Post Count: 29
    June 26, 2007 - 2:22 pm

    Leasehold (ie. ACT / NT) is the exception.

    Profile photo of lopethalopetha
    Participant
    @lopetha
    Join Date: 2007
    Post Count: 82
    June 26, 2007 - 10:40 pm

    Thanks Richard

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