Consultancy fees property investors incurred to reassess their financial position may not be deductible as rental property expenses. Two taxpayers borrowed funds to purchase investment properties and then rented them out to generate rental income. They subsequently incurred consultancy fees when they engaged consultants to reassess their financial situation in light of significant servicing costs and depreciating investment values. This ruling highlights that taxpayers may not be entitled to deduct their consultancy fees for income tax purposes.