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Date Posted: Monday, July 22, 04:11:32pm
Author: Paul
Subject: Is Investment Property Stamp Duty tax deductable in ACT?

I bought an ACT property for investment last financial year. Are the following tax deductable in the first year?

1. stamp duty on property,
2. conveyancing costs
3. loan costs (eg application fee, etc), full amount claimable in the first year and no need to write off over 5 years.

If they are tax deductable, which part of the eTax form should they be entered:

1. loan cost
2. sundry expenses.

PS Elizabeth Tubb from Mortgage Choice, recommended your site to me.

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