Lease document expenses



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

The costs of preparing and registering a lease and the cost of stamp duty on a lease are deductible to the extent that you have used, or will use, the property to produce income. This includes any such costs associated with an assignment or surrender of a lease.

For example, freehold title cannot be obtained for properties in the Australian Capital Territory (ACT)-they are commonly acquired under a 99 year crown lease. Therefore, stamp duty, preparation and registration costs you incur on the lease of an ACT property are deductible to the extent that you use the property as a rental property.

Last modified: 18 Jul 2008QC 16578