Hal_Al
Level 15

Investors & landlords

Yes,  school fees,  paid as a condition to get the permit, also count as  an expense that can be added to you cost basis.  This would not be true, if the fees were otherwise in arrears, and the permit condition was just a way to get you to settle up.

 

"School fees" are typically just an itemized part of the permit cost that goes to fund school construction.  The assumption being that additional residential square footage means additional kids in the school system.