Equity Transfer Trust

Marshtincknell09 Sep, 2023Finance

In order to claim travel expenses as a tax deduction, you need to ensure that the correct substantiation is maintained. The type and length of the business / work-related travel will affect the documentation you require. In order to claim the allowable deductions outlined above, you must keep written evidence (receipts) in certain circumstances. This will depend on the amount of the deduction that is being claimed and you receive a travel allowance.