Forum Discussion

Rox_K's avatar
Rox_K
Contributing User
4 months ago
Solved

Auction fees in capital price?

Hi, 

 

When an asset is purchased from an auction site, what tax code do you generally use for the transaction fee or service fee?

 

Thanks

  • Hi Rox_K

     

    I appreciate your post in our forum, and I'm sorry for the delay in response.

     

    I recognize the importance of correctly recording transactions with the appropriate tax codes. However, I regret to inform you that this falls under the category of financial advice, which we, as forum moderators, are not permitted to provide. I would strongly suggest consulting with an accountant or a financial advisor for this matter.

     

    In the meantime, please feel free to start a new thread if you need help with anything else.

     

    Thanks,
    Genreve

1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator

    Hi Rox_K

     

    I appreciate your post in our forum, and I'm sorry for the delay in response.

     

    I recognize the importance of correctly recording transactions with the appropriate tax codes. However, I regret to inform you that this falls under the category of financial advice, which we, as forum moderators, are not permitted to provide. I would strongly suggest consulting with an accountant or a financial advisor for this matter.

     

    In the meantime, please feel free to start a new thread if you need help with anything else.

     

    Thanks,
    Genreve