Income tax – short-stay accommodation
These five draft Questions we've been asked update a series of current QWBAs on income tax and short-stay accommodation. They have been put into the new format and have been updated for plain English and consistency. The substantive changes to these items relate to:
- the GST online marketplace rules (income tax implications),
- the residential rental ring-fencing rules,
- the interest limitation rules,
- a change of view in relation to the depreciation for mixed-used chattels,
- changes to the thresholds for depreciation and provisional tax.
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Income tax – short-stay accommodation reading guide
Income tax – Which rules apply if I rent out my home, part of my home, or a separate dwelling on my property as short-stay accommodation?
Income tax – Which rules apply if I have a dwelling I sometimes rent out as short-stay accommodation and also sometimes use privately?
Income tax – How do the mixed-use asset rules apply if I provide short-stay accommodation?
Income tax – How do the standard tax rules apply if I provide short-stay accommodation?
Income tax – If property held in a trust is rented out for short-stay accommodation, who declares the income and what deductions can be claimed?