Claiming tax back on flights to UK
Sep 24th 2010, 11:12 pm
#1
By the sea
Thread Starter
Joined: Aug 2004
Location: Portarlington & loving it
Posts: 115
Claiming tax back on flights to UK
Hi there,
Can anyone tell me if you can claim auz tax back on flights if you visit your investment property in the uk?
Cheers
J
Can anyone tell me if you can claim auz tax back on flights if you visit your investment property in the uk?
Cheers
J
Sep 24th 2010, 11:36 pm
#2
'Made in Ulster' Member
Joined: Dec 2008
Location: Brisbane, QLD. (Though an Ulster girl through and through!)
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Sep 24th 2010, 11:52 pm
#3
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Claiming tax back on flights to UK
I would be very surprised!
Sep 24th 2010, 11:55 pm
#4
Forum Regular
Joined: May 2006
Location: Melbourne
Posts: 46
Re: Claiming tax back on flights to UK
The quick answer is yes you can claim a percentage back. So for example my last visit a third of the time I was there I spent doing things for our rental property so was able to claim a third of my airfare. You can also claim other expenses like transport, meals and accommodation if you have got proof they relate to your investment property.
Sep 25th 2010, 12:11 am
#5
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Sep 25th 2010, 3:00 am
#6
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Re: Claiming tax back on flights to UK
The actual ATO statement is this:
So if you travel to the investment property and return immediately, you claim the travel. If you also have a holiday, then the air travel cost is almost certainly not claimable.
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
If you are an Australian resident and own a rental property overseas, you may travel overseas on holiday and inspect your rental property at the same time.
If the main purpose of the trip is a holiday, you can’t claim the cost of getting there – you can only claim local expenses directly related to inspecting the property, such as taxi fares and part of your accommodation expenses.
http://www.ato.gov.au/individuals/co....htm&page=7&H7
If the main purpose of the trip is a holiday, you can’t claim the cost of getting there – you can only claim local expenses directly related to inspecting the property, such as taxi fares and part of your accommodation expenses.
http://www.ato.gov.au/individuals/co....htm&page=7&H7
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
Sep 25th 2010, 7:52 am
#7
Cad and bounder
Joined: Jan 2007
Posts: 1,080
Re: Claiming tax back on flights to UK
The actual ATO statement is this:
So if you travel to the investment property and return immediately, you claim the travel. If you also have a holiday, then the air travel cost is almost certainly not claimable.
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
So if you travel to the investment property and return immediately, you claim the travel. If you also have a holiday, then the air travel cost is almost certainly not claimable.
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
Sep 25th 2010, 8:42 am
#8
'Made in Ulster' Member
Joined: Dec 2008
Location: Brisbane, QLD. (Though an Ulster girl through and through!)
Posts: 6,578
Sep 25th 2010, 11:08 pm
#9
By the sea
Thread Starter
Joined: Aug 2004
Location: Portarlington & loving it
Posts: 115
Re: Claiming tax back on flights to UK
The actual ATO statement is this:
So if you travel to the investment property and return immediately, you claim the travel. If you also have a holiday, then the air travel cost is almost certainly not claimable.
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
So if you travel to the investment property and return immediately, you claim the travel. If you also have a holiday, then the air travel cost is almost certainly not claimable.
This also applies in Australia. eg: When we travelled to Sydney, to inspect a property, the ATO would not allow any of the travel as we also visited friends, and stayed for an extra week.
The tax agent had said we could claim. But if we had, and been caught, penalties may have applied.
Sep 26th 2010, 8:58 am
#11
Guest
Posts: n/a
Re: Claiming tax back on flights to UK
Sep 26th 2010, 10:38 pm
#13
Back to WA! Yay!
Joined: Sep 2006
Location: Madeley, WA
Posts: 975
Re: Claiming tax back on flights to UK
Yes you can claim, hotel, air travel, expenses, but only if your whole trip was in relation to the IP and nothing else. Any visits to family, nights in differing hotels, dinners and a show, tickets to theme parks on the credit card, anything that sniffs of a holiday and you are doomed. Check with your accountant before you try it on.
Sep 27th 2010, 1:46 am
#14
BE Enthusiast
Joined: Aug 2002
Location: Northumberland to Maida Vale Perth
Posts: 972
Re: Claiming tax back on flights to UK
I've claimed flights back twice this year to sit exams. I've got 2 more trips back in the next 5 months. So far I've not had a problem claiming of my tax. I know this is not an investment but it shows you can claim for trips abroad.
Keel
Keel
Sep 27th 2010, 3:01 am
#15
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Claiming tax back on flights to UK
Doesn't Australia have a self assessment system, a bit like the UK? In which case that you have done this twice doesn't show anything. Also this thread is about investment property not exams, when it comes to tax you can't assume all expenses would be treated the same anyway.