Conveyancer
Tax deductions for independent conveyancers in Australia.
Allowable Expenses
- Licensing — Conveyancing license and practicing fees.
- Software — PEXA fees and conveyancing software subscriptions.
- Insurance — Professional indemnity insurance (mandatory).
- Home Office — Administrative workspace and utility costs.
Tax Tips
- PEXA and other settlement platform fees are deductible.
- Keep all practicing and licensing receipts.
- Claim the business portion of your phone and internet.
- Disbursements billed to clients at cost (search fees, registration fees, title office charges) are not your assessable income — only your professional service fees are revenue. Ensure your accounting system clearly separates the two.
Frequently Asked Questions
Is my conveyancing license deductible?
Yes, annual license renewals are deductible.
Can I claim for PEXA fees?
Yes, settlement platform fees are a business expense.
Are conveyancing fees charged to clients subject to GST?
Yes. Legal and conveyancing services are taxable supplies. If you are GST-registered, charge 10% GST on your professional fees. Disbursements such as title search fees and government stamp duty are treated differently — only your professional service fee attracts GST.
Can I deduct the cost of AICNSW or state conveyancing body membership and CPD?
Yes. Professional association membership fees and all CPD costs required to maintain your conveyancer registration are fully deductible as professional development expenses in the year they are paid.