In this article

    Allowable expenses less capital gain

    known expenses

    • Buying and selling commissions
    • Hire a lawyer
    • Fees and taxes paid on purchase
    • Property improvement expenses
    • Professional advice

    Important

    Keep receipts and references for all expenses. Without documentation - cannot be deducted.

    Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.