I’ve just purchased a rental property in Canberra and I am aware that, because I am leasing it on a 99 year lease, then the stamp duty is deductible in the 1st tax year as a “lease document expense”.
My question is regarding the other expenses (conveyancing etc) incurred in obtaining the property. Again, given that they were all incurred in ‘leasing’ (rather than buying) a property are they all deductible??
Many thanks in advance for any suggestions!