TD 2017/8 – Cost of travelling to have a tax return prepared is deductible – if unrelated purposes of the travel are appropriately apportioned

The Commissioner issued this Determination on Wed 29.3.2017, ruling that the cost of travelling to have a tax return prepared by a “recognised tax adviser” is deductible under s25-5 of the ITAA 1997. However, to the extent that the travel relates to another non-incidental purpose the expenditure must be apportioned. The Determination contains a number of examples to illustrate this matter. It applies both before and after its date of issue.

[LTN 59, 29/3/17]