Do you have a rental property that you have been claiming travel expenses on?

You need to know that the deductibility changed from 1 July 2017.


From 1 July 2017, travel expenses relating to inspecting, maintaining, collecting rent, or attending management meetings for a residential rental property cannot be claimed as deductions by investors. The changes are now law.

Excluded travel expenses include air fares, motor vehicle, hire car, taxi, public transport and any associated accommodation costs.

The travel expenditure is also not recognised in the cost base of the property for CGT purposes.

We can assist if you have any questions on these changes, please email or phone (07) 3863 9444.