Quote Originally Posted by Gringo View Post
Does anyone know if you can claim travel expenses to an AGM as an income-focused share investor (not a trader), like you can travel to inspect a rental property?
I believe you can in Australia, as long as the company pays a dividend.
Thanks
Not a lot of information to go on but I would opine that the trader/investor distinction isn't the important factor. The main question is are you in the business of share investing. Obviously you have an investment or you would not be invited to the AGM but are you in the "business" of investing? To claim expenses for income tax purposes you need to be in "business" which depends on many factors such as the extent of the activity undertaken and the likelihood of making a profit. For example if you have a $10,000 investment in a UK company and you want to fly to the UK for the AGM I would suggest the airfares and hotel costs would not be deductible.