Can you claim for travel before you purchase the property?

You cannot claim for travel to inspect a property before you buy it.

You cannot claim for travel to (or other costs for) rental seminars about helping you find a rental property to invest in.

Seminars are only tax deductible if they relate to producing income from the property. So, when a seminar teaches you how to locate a suitable rental property to buy, you cannot claim a deduction against rental income for the cost of the seminar.

Some promoters have incorrectly told taxpayers that they can claim the cost of their travel to and from a property they may purchase. You cannot claim for these costs, for properties within Australia or overseas.

    Last modified: 05 Jul 2016QC 22093