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Is brokerage deductible?

Discussion in 'Shares' started by samaka, 21st Nov, 2007.

  1. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    As per subject ;)
     
  2. silentmalek

    silentmalek Member

    Joined:
    2nd Sep, 2007
    Posts:
    5
    Location:
    Sydney, NSW
    Generally no, unless you're classified as a "share trader" for tax purposes.

    It will usually be subtracted from the cost base of your shares when calculating CGT.

    Cheers

    silentmalek