Incidental acquisition costs

In addition to the acquisition costs, your invoice also includes some ancillary costs associated with the purchase of the property. More precisely, the direct and indirect acquisition costs.

Direct acquisition costs include:

• Real estate transfer tax

• Brokerage fee

• Notarial certification

• Transfer of ownership in the land register

The good thing about these costs: They're tax-deductible.

Indirect acquisition costs include all costs related to financing, for example:

• Processing or closing fees

• The creation of the liens on real property by the notary public

• The registration of the mortgages by the land registry office

• The priority notice of conveyance

• Commitment interest

• Construction period interest

• Interim financing interest

Would you like a few more insights? No problem. Tune into our podcast episode on incidental acquisition costs.