Buyer's Agent

Tax deductions for independent buyer's agents in Australia.

Allowable Expenses

• Travel — Searching for and inspecting properties for clients.
• Data Subscriptions — CoreLogic, RP Data, or similar platforms.
• Professional Insurance — Indemnity and liability insurance.
• Marketing — Website and networking costs.

Tax Tips

• Logbook method is usually best for high vehicle usage.
• Data tool subscriptions are a major and necessary deduction.
• Membership in REIA or similar bodies is deductible.
• Both success fees and retainers are assessable income in the year received — if you refund part of a retainer after completion, the refunded amount is deductible in the year of refund, not the original year of receipt.

Frequently Asked Questions

Is CoreLogic deductible?

Yes, as a necessary research tool for your business.

Can I claim for client lunches?

Generally no, the ATO considers this entertainment.

Are buyer's agent fees charged to purchasers subject to GST?

Yes. Buyer's agent services are a taxable supply — if you are registered for GST, add 10% GST to your engagement fee and any success fees, and report on your BAS. Registration is mandatory once your annual turnover reaches $75,000.

Can I deduct the cost of attending property investment conferences or seminars?

Yes. Attendance at property investment and buyer's agency conferences — including ticket fees, travel, and accommodation — is deductible as professional development, provided the content relates to your current buyer's agent practice. Keep a record of the event agenda and your attendance.