You may be
wondering what a "capital expense” is?
you consider all the expenses involved in owning your investment property, tax
benefits don’t just include immediate tax deductions.
also expenses that can be claimed as capital expenses.
comes to stamp duty, you can’t claim a tax deduction for this expense.
But it will
form part of the cost base of the property for CGT purposes when you sell the
Note: If you paid a stamp duty of $20,000
on a property purchase price of $500,000, then when it’s time to sell your
investment property, the ATO would treat the purchase as if it cost you
As for your
other capital expenses, depending on the value, you may be entitled to claim
them over a period of 5 years from the date you took out the loan for the
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
RealRenta also has a free vision, so why not check it out
Wednesday, 29 June 2022