2016/17 EOFY Alert: Travel Deductions for Residential Rental Properties

The 2016/17 financial year may be the last year you can claim a deduction for travel to a residential investment property. This rule is still subject to being passed as legislation. However, to avoid any disappointment, if you are a landlord, you may wish to bring forward an inspection to before 30 June 2017 to be assured a deduction will be allowed. All regular rules still apply until 30 June 2017 in regards to substantiation.