Auction fees in capital price?

Rox_K
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Contributing User
Contributing User

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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

1 REPLY 1
Genreve_S
MYOB Moderator
2,919 Posts
MYOB Moderator
MYOB Moderator

2,919Posts

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Re: Auction fees in capital price?

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

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