2017 Federal Budget Tax Issues

Rental property travel expenses no longer tax deductible

From 1 July 2017 rental property owners will be unable to claim a tax deduction for travel expenses related to their rental property.  Unfortunately this includes all travel costs eg. to inspect the property,

Reduce the risk of investment fraud

Unfortunately some people try to gain financial advantages from others good nature and may inappropriately seek other’s financial information.

Other than having a healthy sense of skepticism we suggest if something is too good to be true then it probably is just that.