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Deposit bonds for IP
Hi all
I understand that certain costs associated with purchasing/selling an IP (real estate commission, stamp duty, legal fees etc.) are not deductible but can be used to reduce the cost base when calculating CGT liability post sale.
Does anyone know if the fee associated with a deposit bond falls into the same category? I figure it should given it's a cost in acquiring an income producing asset, but just wanted to see if anyone out there knew for sure.
Thanks
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