News Update

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

13 June

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.

[Originally posted on the OakWealth Blog]

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Yihsing Koo and Oak Wealth Solutions Pty Ltd (ACN:143 070 946) ATF Oak Wealth Solutions Unit Trust (ABN:657 966 722 37) are Authorised Representative(s) of Consultum Financial Advisers Pty Ltd (ABN:65 006 373 995), AFSL number 230323, an Australian Financial Services Licensee, with offices at Level 6, 161 Collins Street, Melbourne VIC 3000.

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News Update

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

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