Not long ago I was talking to a high school geography teacher who told me they claim all their overseas holidays as a tax deduction. Travel agents do the same thing. We all know its a massive rort that they and other people in certain occupations get away with. Why? Because they can. So why not the rest of us.
So Im thinking of going overseas for a while and Im wondering what I can do to claim it as a tax deduction. Does anyone know what occupations can claim this?
What are the rules around it?
I was thinking the easiest thing I could do is buy an investment property for say $5, then spend $5,000 on a trip to inspect it once a year to find a tennent
Another idea is for me to do a professional course which is related to my job function. Then claim the cost of my course and the associated travel to complete it. I could just find a cheap $500 course, then spend another $5,000 on the associated travel
Any other ideas? Im a stong believer in tax 'minimisation', its something that we should all be doing. If some people get to do it, then why not me.