The answer is maybe. It really depends on your circumstances.
Please see this page at IRD for more info; remember though it is only talking about rental residential property, as different rules apply for property traders/developers.
As always, if you would like more information or are not sure about your situation, please contact us.
NB: If you are a property developer or trader, and therefore paying tax on the net profits from the sale of your buildings, then legal fees are one of the things you can claim.
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