All Topics / Legal & Accounting / Professional package fees deductible?

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  • Profile photo of s0805s0805
    Participant
    @s0805
    Join Date: 2006
    Post Count: 85
    July 8, 2013 - 11:43 pm

    Hey guys,

    settled on my first IP this in 2012-13. I am with one of the big four with their professional package…which basically gives away free offset, free savings account, CC with no annual fees and unlimited number of loan accounts (in my case it has PPOR loan, Equity loan, Resi investment loan)……

    being tax time do any of you think, this professional package annual fees ($400 something) can be tax deductible….if yes can you tell me how you proportionate that claim….

    Also, if anyone did gov's super co-contribution last year, do you claim this deduction in tax or say nothing in it…..

    cheers

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    July 9, 2013 - 12:40 am

    You might be able to apportion the fee since there's also a PPOR loan in the mix. Mention it to your accountant and see what they say.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of s0805s0805
    Participant
    @s0805
    Join Date: 2006
    Post Count: 85
    July 9, 2013 - 9:24 am

    Thanks Jamie…

Viewing 3 posts - 1 through 3 (of 3 total)

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