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Do you have Rental Properties?

20th November 2019

Do you have rental properties?

The law about claiming travel expenses for rental properties changed from 1 July 2017. Last year (2018) the Tax Office received more than 70,000 incorrect claims for travel to and from residential rental properties.

If you own a residential rental property you cannot claim deductions for travel expenses even if it is for property inspections or collecting rent.

There are some “special exceptions” and if you wish to discuss please contact our office.