Notary fees are deductible as tax advisory costs

The Costs for tax advice can be used without a monetary limit as Special editions This is claimed to be a legitimate expense. The Income Tax Act does, however, list costs for tax advice as special expenses, but there is no detailed description of who can provide the tax advice. Typically, the advice is provided by tax advisors, but it is also possible for a Public notary in the course of its activities, it assesses certain facts (e.g., in connection with property transactions) from a tax perspective. The Universal Flash Storage In its decision of 15.1.2010 (GZ RV/2740-W/09), the court recognized parts of the fee of a public notary as tax advisory costs and thus as special expenses. In the specific case, the tax advice concerned Property acquisition tax and fees in connection with a dispute over an apartment in a co-ownership arrangement upon dissolution of a co-habitation arrangement. Since the scope of the tax advice was not discernible from the fee invoice, a percentage of 5% was estimated. The remaining part of the fee could not be used for tax purposes, as it was a cost related to private life.

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