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Reclaim attorney costs

Posted 4 November 2015 under Tax Q&A


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EE says:
4 November 2015 at 13:03

Good day
I want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the tax form, in other words, costs of Duty, transport costs, registration of deed
Thanks

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TaxTim TaxTim says:
4 November 2015 at 20:39

No, you cannot deduct this anywhere on your Tax Return. These are all capital costs which will be included in the base cost of your property, and will therefore reduce capital gains tax when you sell it one day. Remember to keep all of these invoices as proof.. These fees will go to the base cost of the property when you sell it eventually and reduce the Capital Gains Tax


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