List Of What Legal Fees Are Not Tax Deductible Nz Ideas. The commissioner disallowed those claims and argued that the. Legal fees for the purchase of the rental property treated as part of the cost of the rental property capitalise and depreciate (3% dv) legal fees incurred in arranging a mortgage to finance the rental property legal fees for preparing a tenancy agreement legal fees fully deductible expense cost for a registered valuer to prepare a valuation
Costs related to breaking the law, such as speeding tickets or parking fines. The capital or revenue test must be applied to full amount of legal fees. The absence of specific provisions for legal fees in the code has resulted in many interesting and important developments concerning their deductibility.