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Open Date
31 Mar 2023
Closing Date
31 May 2023
Consultation closed

Deductibility of holding costs for land

This interpretation statement considers the deductibility of holding costs for land and whether the land being taxed on sale is relevant to deductibility.  The term “holding costs” refers to expenses incurred in relation to the ownership of land, being interest, rates and property insurance.  Holding costs do not include capital improvement costs or expenses that relate to the use of the property.

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