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, […]
by David Buchanan, Director & DLA Private Wealth In a recent report by the Australian Prudential Regulation Authority (APRA) there were 590,102 Self-Managed Superannuation Funds in Australia at the close of the March 2017 quarter [1]. This represented an increase of more than 22,000 SMSFs since March 2016, suggesting that Australians favour managing their own […]