Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 4:34:44 PM

Can I claim legal fee, property appraisal fee and land transfer tax paid to purchase a rental property during 2017?

0 1 2062
1 Best answer
New Member
Oct 30, 2019 4:34:46 PM

You cannot deduct land transfer taxes you paid when you bought your property. Add these amounts to the cost of the property.

You can read more here: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/rental-expenses-you-cannot-deduct.html

1 Replies
New Member
Oct 30, 2019 4:34:46 PM

You cannot deduct land transfer taxes you paid when you bought your property. Add these amounts to the cost of the property.

You can read more here: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/rental-expenses-you-cannot-deduct.html