My wife, Ann, and I are thinking of making a business trip early in 2018 to have meetings with bankers, brokers, tenants, and tradespeople we have not seen for several years.
We will do visits to, and inspections of all the properties still remaining in our portfolio in order to assess and make judgments regards their condition and to evaluate their future prospects for capital appreciation and rental returns. This exercise will help us make informed decisions regards which properties we will continue to own as part of our core portfolio, and identify those we will aim to sell off.
Would our business trip expenses, and especially our return air fares from Taiwan to the UK, be offsettable against income tax?
Thanking you for your kind attention.