Many investors actively look to maximise the expenses that they can claim. But while this is an entirely reasonable approach, it is critical that you do not overstate or misreport your expenses. And an important part of this is understanding which expenses count as valid tax deductions, and which do not.
Here we take a closer look at an expense we are very familiar with – buyers agent fees. This is a cost many investors are happy to pay but are not sure how to treat come tax time. Can I claim buyer agent fees as a deduction?