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TaxTim says: 17 August 2014 at 12:38 No, these fees will increase the cost of the asset in the event you sell it and therefore reduce your capital gains tax on the profit. |
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Toph says: 17 August 2014 at 17:50 Ok so the transfer costs, bond registration costs, all these things are not deductible for tax? Just want to make sure of which expenses I would be allowed to list. So far I would like to deduct: the complex levies, water, electricity, municipal rates and taxes, maintenance costs as well as interest paid on the property loan. |
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TaxTim says: 17 August 2014 at 21:07 Yes all the latter costs are deductible, not the bond and transfer costs. |
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Toph says: 18 August 2014 at 1:35 Thanks! |
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TaxTim says: 18 August 2014 at 9:13 Only a pleasure! |
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