Forums / Getting Technical / Legal & Accounting / deductable expenses when not proceeding with purchase

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  • Profile photo of donxxxdonxxx
    Participant
    @donxxx
    Join Date: 2007
    Post Count: 7

    Hi,
    Can anyone tell me if they know about claiming purchase cost deductions (like pest inspection) in a situation where you subsequently decide to not proceed with the purchase? I’ve been told you can only claim the cost if you proceed with the purchase. Where property investment is a persons primary source of income, this doesn’t sound right.
    Cheers,
    Don

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Not deductible

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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