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    ATO update: Tax deduction rules on travel to rental properties

    By admin • 29 November 2018 • Tax

    The ATO has enforced strict guidelines on tax deductions for rental property owner’s travel expenses.

    As a rental property owner you are not able to claim deductions for travel expenses relating to inspecting, maintaining or collecting rent. If you have already claimed a tax deduction for the cost of travel to and from your property in your 2018 return, you will need to request an amendment. The law change came into effect on 1 July 2017 and affects tax returns from 2017-18 onwards.

    Exclusions
    You may claim these travel expenses on your tax return if you are carrying on a rental property business or are an excluded entity.

    An excluded entity is a:

    • Corporate tax entity
    • Superannuation plan that is not an SMSF
    • Public unit trust
    • Managed investment trust
    • A unit trust or a partnership, all of the members of which are entities of a type listed above
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