All Topics / Help Needed! / TAX DEDUCTIONS

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  • Profile photo of Genesis01Genesis01
    Member
    @genesis01
    Join Date: 2003
    Post Count: 56
    June 4, 2009 - 10:02 am

    I have recently attended a Property Seminar over the weekend.

    As this was a free seminar, am I still able to claim deductions;
    ie: Mileage & Meal costs.

    Profile photo of propertunitypropertunity
    Participant
    @propertunity
    Join Date: 2008
    Post Count: 136
    June 4, 2009 - 10:23 am

    If the Property Seminar contained mostly stuff about what you are currently doing with Property Investing (not what you are planning to do in the future) then the expenses should be tax deductible. (There are some caveats about being in a Trust etc where the expense could be tax ded even if you are not or the Trust is not doing what the seminar covered) – if you are then you need to ask an accountant)

    The fact that is was a free entry is not relevant.

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