Investment properties can be complicated!
Seeking professional advice in relation to income and expenses claimable on your investment property, will ensure you maximise your investment, and maximise your taxable profit/loss on the property all while complying with the Australian Tax Office (ATO) regulations.
Over the last number of years, the ATO has updated rules around things such as the ability (inability) to claim travel to inspect your investment property and claiming building costs allowances.
It is important to seek advice from a professional to ensure you have the most up to date information.