It depends on whether you are buying a home to live in or buying an investment property.
BUYING AN INVESTMENT PROPERTY
Great news, if you have employed a Buyer’s Agent like myself to help you with purchasing an investment property, while not immediately tax-deductible against income tax, my fees may form part of a cost base for capital gains purposes in the future.
This means my fees may reduce any capital gains tax (CGT) you will have to pay when it comes to selling your investment.
BUYING A PROPERTY TO LIVE IN
Unfortunately, my fees will not be deductible for a property you are buying to live in, because the property you will live in will not be generating an income for you.
The Australian Tax Office (ATO) views only expenses incurred relating to you earning any assessable income can be deducted.
Always seek independent advice on ATO related matters.