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Ask Wayne Brasch Your Own Question
Wayne Brasch
Wayne Brasch, Accountant and Business Consultant
Category: Tax
Satisfied Customers: 1298
Experience:  Master of Science in Taxation. Tax experience since 1963.
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are building permit fees paid to county government tax deductible

Resolved Question:

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Submitted: 9 years ago.
Category: Tax
Expert:  Wayne Brasch replied 9 years ago.
If you have a business that must pay these fees, they would be deductible for that business. As long as the expense is ordinary and necessary to operate the business, it would be deductible.
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Customer: replied 9 years ago.
Reply to Wayne Brasch's Post: Well, I am not nor do I operate a business. The
building permit fees alluded to have been incurred to construct my home. Are those permit
fees tax deductible on my personal income tax
return ??
Expert:  Wayne Brasch replied 9 years ago.
In that case, they would not be deductible on your personal tax return. They would actually become part of the cost of your home as are the materials that are going into the construction of the house. That will come into play if and when you ever sell that house. This construction cost will be subtracted from the sale price to determine if you must pay any taxes on the profit from the sale if that ever happens.