Trusted Partners 06 – Travel Expenses
Hi, guys, it’s David here from Bugwash Property. We have with us today one of our trusted partners from Solution Accountants, Meena. Got a question for you, Meena. Can you explain to the viewers the changes that have taken place as far as what they can and can’t claim in regards to travel expenses on their rental property?
Yeah, sure. From 1 July, 2017, the ATO announced that clients would no longer be able to claim their travel expenses to their rental properties to conduct those inspections. However, they can continue to use their real estate agents to perform those inspections on their behalf.
Yeah, which is part of their property management fees.
What was that date again?
1 July, 2017.
Okay. Thank you very much.