26‑31 Travel related to use of residenti26‑31 Travel related to use of residential premises as residential accommodation

#### 26‑31 Travel related to use of residential premises as residential accommodation (1) You cannot deduct under this Act a loss or outgoing you incur, insofar as it is related to travel, if: (a) it is incurred in gaining or producing your assessable income from the use of \*residential premises as residential accommodation; and (b) it is not necessarily incurred in carrying on a \*business for the purpose of gaining or producing your assessable income. Exception—kind of entity (2) Subsection (1) does not stop you deducting a loss or outgoing if, at any time during the income year in which the loss or outgoing is incurred, you are: (a) a \*corporate tax entity; or (b) a \*superannuation plan that is not a \*self managed superannuation fund; or (c) a \*managed investment trust; or (d) a public unit trust (within the meaning of section 102P of the Income Tax Assessment Act 1936); or (e) a unit trust or partnership, if each \*member of the trust or partnership is covered by a paragraph of this subsection at that time during the income year.