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Share Brokerage costs - deductibel?

Discussion in 'Accounting, Tax & Legal' started by archangelsupreme, 21st Jun, 2008.

  1. archangelsupreme

    archangelsupreme Well-Known Member

    Joined:
    7th Sep, 2007
    Posts:
    206
    Location:
    Australia
    I'm with Commsec....can I claim the $19.95 i pay in brokerage costs as a deduction?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    No. Brokerage is a capital cost - it forms part of the cost base of your investment.