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Post 2017 Budget. I know you can no longer claim travel expenses to inspect etc on residental properties but can you still claim if it is a commercial property?
I think you may have a point here.
As information in relations to the 2017 budget does specifically refer to residential and it does not mention commercial propertied.
Especially when the changes were made to specifically assist housing affordability in Australia and not commercial lease/ purchase affordability.
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An exposure draft on this legislation has only just been released. You can access this through the Treasury web site at https://treasury.gov.au/ConsultationsandReviews/Consultations/2017/Housing-Tax-Integrity .
The exposure draft specifically mentions residential rental properties only. To date, there is no indication that there will be changes to deductions available for travel expenses to inspect a commercial property.