Travelling To Inspect Your Investment Property

As many of us have investment properties interstate we thought it would be helpful to clarify what you are entitled to claim as expenses when travelling to inspect your property.

You can continue to claim a deduction for the cost of travel you incurred to inspect or maintain rental properties or to collect rent if the expenses were incurred:

  • in 2016-17 and earlier years for residential rental properties
  • for commercial rental properties
  • by excluded entities
  • when carrying on a rental property business.

Travel expenses include:

  • Cost of travel fares (airfares, car hire, petrol, etc)
  • Cost of accommodation
  • Cost of meals

In some cases, there are limits and also requirements to keep a diary of your trip. Keep all of your receipts. If there is also a private reason for travel (eg. a short holiday at the same time), then the expenses will need to be apportioned between private and “investor” expenses. We can only provide a general overview, NOT Advise, so check with your accountant,  who will be able to provide you with more details.

You can learn more about our approach to property advising here , or alternatively, feel free to get in touch and have an obligation-free chat about how Property Friends can help you.  

For daily property investment updates follow our Facebook page here.

Property Friends is a specialist Property Investment Strategist that provides solutions for people aspiring to financial independence, choices in retirement, or leaving a legacy. (03) 9758 5331

Interested in receiving our Monthly Newsletter, which is jam packed with valuable property invested information that is not to be missed

Enter your details here to get access to our Ebook on How to Avoid 7 Biggest Mistakes when Investing in Property

Book a discovery call


Looking to understand the world of property investments better? We can help!

Uwe Jacobs Property Strategist

Do You like what you see?

So, you are interested in learning more about it?  Click the below link and we will keep you updated, NO SPAM - ever...
And of course you can unsubscribe any time - no questions asked.

Congratulations, you will be receiving very valuable updates from us. Can you do us both a favour? Can you please "whitelist" the email address that our info will come from? It will be "

Share This