Invest in USA Property
Owning a USA Invesment Property
Tax Free Vacations!
TAX FREE HOLIDAYS?
The content on this page is reproduced with kind permission from Richard Lillycrop.Apart from depreciation and deducting day-to-day business expenses, you can deduct any costs involved in travelling to your properties and also any costs involved in visiting potential properties. So you could be looking at beachfront properties in Los Angeles or some nice waterfront condos in Miami and put all your costs (including meals) through as legitimate real estate investor expense! Should you attend any real estate conferences, exhibitions or training, these costs can be deducted too. It's very kind of your tenants to pay for your tax-free vacations. Just keep them realistic!
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Please Note - The information contained above should not be regarded as legal or tax advice and is our opinion only.