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Phil, a resident taxpayer, purchased a residential apartment as an investment from which he derived rental income. During the 2023 income year, Phil incurred the

Phil, a resident taxpayer, purchased a residential apartment as an investment from which he derived rental income. During the 2023 income year, Phil incurred the following outgoings in connection with the property: Legal fees relating to the purchase of the apartment $ 2,000 Letting fees paid to managing agent $ 1,000 Travel expenses incurred to visit the apartment for quarterly inspections $ 4,000.


From the above information, calculate the deduction available to Phil in respect of the 2023 income year. 

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