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Are legal fees when you buy a house deductible?

Posted 23 June 2015

Poppie says:
22 May 2015 at 9:40

I bought a house and obviously had to pay lawyers fees (2 sets) to do the transfer, etc. Can I include this as a deduction in my tax return?

TaxTim TaxTim says:
22 May 2015 at 9:42

No unfortunately you cannot, but you can include these fees in the the cost of the property so when you sell it the capital gain will be reduced.

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