Can You Claim Travel Expenses Just for Inspecting Your Investment Property?

Travel expenses can only be claimed if the property investing is part of your business. Legal expenses are a capital cost, not a yearly assessible income deduction. If you own an asset for more than 12 months and you have a capital gain on that, then the tax payable is discounted by 50 %. And there's heaps of different ways that you can save money in taxes.